Inflation lowest in 20 years despite increasing food prices
Indonesia hiked subsidized fuel prices in September 2022 amid a surge in the international oil price and a depreciated rupiah. This prompted inflation to peak at nearly 6 percent…
Cambodia’s new minimum wage in effect, up $4 per month
The $4 increase in minimum wage for 2024 was announced in November last year, following 20 consultative meetings between stakeholders.
Poverty eradication a top priority for Malaysia: Minister
"Even though the Federal Territories are perceived as lands of opportunity, the high cost of living has significantly impacted many residents living in the city, especially the…
‘Shrinkflation’ hits consumers
Business owners have resorted to this tactic mainly due to the fear that they would lose their ultra budget-sensitive market if they raise prices to cover the corresponding…
Despite winter abundance, vegetable prices soar
An opposite scenario is present in the markets across rural regions, with the prices almost half or lower than half of the retail prices in the capital.
Prices in S’pore seen moderating but likely to remain above pandemic levels in 2024
Inflationary pressures in 2023 stemmed largely from external factors, such as the reopening of economies, the continuing impact of the Ukraine-Russia conflict and post-Covid-19…
South Asian nations succeeded in taming inflation. Bangladesh, not so much
The country witnessed an average increase in the Consumer Price Index (CPI) of 9.42 per cent in November, highlighting the challenges experienced by most of the population in the…
DTI on ‘shrinkflation’: It’s manufacturers’ business decision
According to the Philippine Amalgamated Supermarkets Association, “shrinkflation” is when manufacturers alter the size and volume of their products to maintain current prices.…
Lower tariffs on rice, corn, pork extended
The President said the current economic situation of the country necessitates the extension of the application of the reduced tariff rates on rice, corn, and meat of swine…
Singapore core inflation dips to 3.2% in November, expected to remain elevated in the near term
Led by a slower rise in prices of retail goods, food, electricity, gas and transport, it is a touch lower than the 3.3 per cent in October, when core consumer prices had picked up…