Ben Bernanke, the chairman of Federal Reserve is still concerned about the inflation and want to make sure that the price hikes don’t make the things worse.

Bernanke said that the fed policymakers would be careful about ensuring that the recent pattern of higher readings in core inflation is not maintained.

The head of the European Central Bank, Claude Trichet & Deputy Governor of the Bank of Japan, Toshiro Muto added that the economic recovery in the 12-nation euro currency zone was on the rise.

Bernanke provided his valuable assessment of current economic conditions & the challenges faced by the Federal Reserve Policy Maker.

The consumer price index measured the inflation & came to a conclusion that it rose at an annual rate of 3.2% over the last three months & 2.8% over the past six months.

Economists have raised concerns for the rise in core inflation measures. Oil prices, which hit a record high of more than $75 a barrel, are hovering around $73 a barrel.

Gasoline prices have also climbed, topping $3 a gallon in certain areas.

Popularity: 1% [?]