国际英语新闻：ECB president says global recovery confirmed by central bankers

Even advanced economies in the eurozone are starting to feel increasing prices. The European Union (EU)'s statistical bureau Eurostat announced on Tuesday that annual inflation in the eurozone hit 2.2 percent in December last year, running above the 2-percent target preferred by the European Central Bank.

And not surprisingly, the issue of recent food price hikes was on the agenda of the bimonthly meeting. Trichet said the central bankers took it as "something which is particularly important in terms of impact on the CPI (consumer price index) in the emerging world."

Analysis was also carried out to determine whether there was a structural nature behind, which relates to changes in the pattern of household consumption, he said.

For less developed countries, prices hikes, particular those of food and other basic needs, are a truly pressing issue. It may reduce the low-income group's capacity to obtain food and therewith trigger social unrest, as is already shown in countries such as Algeria.

According to Algerian media, soaring prices had led to riots on Thursday in the capital city of Algiers, and protesters were angry at "the insane rise" in food prices which media reports said hit 150 percent since the beginning of the year.

Other factors that might contribute to inflation such as capital inflows are also discussed at the BIS meeting.

According to Trichet, the central bankers had noticed the surge of "short-term inflow of capital," particularly toward the emerging market. It is explainable, he said, "when you are dealing with economies that are going very fast."