NEW DELHI/SAO PAULO/ISTANBUL -- Consumer prices have spiked in many emerging countries due to the coronavirus pandemic, tying the hands of central bankers that wished to use looser monetary policy to shore up disrupted economies.
Economy
Rising food prices take rate cuts off table for emerging economies
Pandemic induces inflation even as India, Turkey and Brazil battle downturn
Shoppers at an outdoor vegetable and fruit market in Ahmedabad on Sept. 7: India's consumer price index for vegetables jumped 11% in August. © Reuters
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