Rising commodity prices won’t derail recovery: IMF

WASHINGTON (Reuters) – The International Monetary Fund said on Monday it did not believe that rising commodity prices will derail the global economic recovery, but warned inflation will remain elevated for a while.

“Commodity prices have increased more than expected, reflecting a combination of strong demand and a number of supply shocks,” IMF chief economist Olivier Blanchard told reporters. “We don’t think that this time these increases will derail the recovery.”

(Editing by James Dalgleish)

Rising commodity prices won’t derail recovery: IMF