Central bankers sound alarm over food prices:http://ca.reuters.com/article/businessNews/idCAL0512998320080505?sp=true "Food pressures could be one of the most serious problems that we have to face now," said Polish National Bank President Slawomir Skrzypek.
"Food pressure is a global problem, we have to observe, monitor, but we cannot use monetary policy tools to manage this problem."
Commodity price rises are fuelling historically high inflation rates from the euro zone to China and creating a headache for central bankers also concerned about the economic impact of nine months of financial market turmoil.