South Korea’s food inflation surges to third-highest in OECD
Analysts evaluate that the rise in domestic food prices was primarily driven by increases in the prices of fruits such as apples and pears, with apple prices soaring 88.2 per cent…
Weaker rupiah, high oil prices hit Indonesia’s manufacturing sector
The rupiah has been on a downward trend in recent weeks due to uncertainty surrounding US monetary policy and geopolitical conflicts.
The cost-of-living crisis prolongs for Bangladeshi wage workers
Low-income groups have been under constant pressure since May 2022 as external factors and inadequate policy interventions and poor market management at home have kept inflation…
Blanket fuel subsidies in Malaysia to be removed
Economy Minister Rafizi Ramli said those in the top 20 income group were receiving 53% of blanket fuel subsidies, which was unsustainable and unequitable.
Rice prices in Bangladesh unlikely to fall from current level
According to a recent report, the high prices are a result of the high cost of paddy production, attributed to the increased costs of seeds, fertilisers, irrigation, labour, and…
India’s wholesale price-based inflation spikes to 3-month-high at 0.53% in March
Officials have said the positive rate of inflation is primarily due to an increase in prices of food articles, electricity, crude petroleum & natural gas, machinery & equipment…
Bank of Korea holds rate, wary of inflation’s ‘last mile’
According to Bank of Korea's Gov. Rhee Chang-yong, the core inflation is slowing down as projected, but it is moving in a different direction from that of the headline inflation…
Amid deepening apple crisis, South Korea eyes long-term measures
Experts blame a perfect storm of factors including cold spring weather, heavy summer rains, and crop diseases for the production downturn, driving prices to unprecedented levels.
No respite to Bangladeshi consumers: Inflation edges up in March
The World Bank said around half a million people in Bangladesh likely fell into extreme poverty between the fiscal years 2022-23 and 2023-2024 due to the erosion of purchasing…
Nepal’s inflation at 30-month low, yet food prices refuse to come down
Nepali traders attributed the food price hike to the upcoming general elections in India. Traders said that given Nepal’s dependency on India, any protectionist policy adopted…