#1458225 ANPEC - 2008 - Exame de Seleção Nacional (ANPEC)/"2009"

Inflation in emerging economies - An old enemy rears its head

(From The Economist print edition , May 24th 2008)

EVEN as America's economy teeters on the brink of recession and many European economies are slowing, central bankers in rich countries fear rising inflation. Yet the risks they face are smaller than those in emerging economies, where inflation has risen far more over the past year to its highest for nine years. There are also an alarming number of similarities between developing economies today and developed economies in the early 1970s, when the Great Inflation took off. Are the young upstarts heading for trouble?

The text implies that:

Item 3: inflation rates in developing economies have been stable for nine years;