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Bad Biofuel Policy Boosts Asian Inflation
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Bad Biofuel Policy Boosts Asian Inflation

John Berthelsen's avatar
John Berthelsen
Feb 20, 2008
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Asia Sentinel
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Bad Biofuel Policy Boosts Asian Inflation
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What has long been predicted – that the US decision to push the use of corn to make biofuel would be a costly mistake – is starting to come true, especially for Asia, where inflation is spiking with an ugly force.

China reported on Tuesday that the increase in its Consumer Price Index hit 7.1 percent annually, driven partly by food, which accelerated to …

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