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Asian countries might start exporting inflation to the world if consumer prices catch up with rising energy costs, adding to global inflationary pressure weighing on growth, the IMF’s Asia-Pacific director said. “If oil prices continue to increase and producer costs increase, it’s inevitable it’ll eventually come to the price of retail goods,” IMF Asia and Pacific Department director Changyong Rhee said in a Bloomberg TV interview. “In that stage Asia can export inflation further to the world, but it is not yet at that stage.” Rhee’s comments point to the risk of Asia eventually contributing to a feedback loop of global prices

South koreaSouth koreanJerome powellYoon suk yeolChangyong rheeLee ju yeolPacific departmentKorea governor leeReserve chair jerome powellSouth korean president elect yoon suk yeolThe taipei times