Thailand hikes rate for 1st time since 2018 to tame inflation
The economy expanded 1.5 per cent last year, among the slowest in Southeast Asia.
The economy expanded 1.5 per cent last year, among the slowest in Southeast Asia.
The core consumer price index, which excludes food and energy prices, gained 0.8 per cent year on year in July, lower than the 1 per cent increase in June.
Inflation in Indonesia reached 4.94 per cent in July, the highest annual increase in seven years, according to Statistics Indonesia.
An expert said the government could have avoided the unprecedented hike in the fuel prices by checking corruption, theft and mismanagement at the Bangladesh Petroleum Corporation.
A price hike in fuel will cause a rise in the price of essentials, affecting the country's low-income group of people, he said.
While the pressure to hike prices is growing, corporate efforts to better deal with it are likely to continue in the days ahead.
Nepal’s inflation reached a 70-month high in June and there are signs that it will breach the double-digit mark by the end of the fiscal year ending mid-July.
Vice-president of Malaysian P-Hailing Riders’ Association Abdul Hakim Abdul Rani said riders are feeling the pressure to complete more deliveries per day just to meet their…
Consumer prices soared 6.3 per cent last month from a year earlier, accelerating from a 6 per cent on-year spike in June.
The percentage of Filipino families, who rated themselves poor, hit 54 per cent, or 13.1 million households, in December 2019, the highest in five years.