Japan PM Ishiba rejects cutting consumption tax
Mr Ishiba says he feels ‘sense of crisis’ over rising prices.
Inflation
Higher food cost in Japan causes price increases in cafeterias, affecting university students
The impact is serious in Kyoto, where students make up 10% of the population. Although their operators, such as university co-ops, have strived to overcome the difficult…
Philippine market tagged best in Southeast Asia on slowing inflation
Inflation cooled to a five-year low of 1.3 percent in May from 1.4 percent in April due to lower utility costs.
Cattle prices soar as sacrifice meets inflation in Karachi’s mandis ahead of Eidul Azha
Sellers and buyers of sacrificial livestock are shouldering an economic burden, as prices do not seem to drop. One seller, Mohammad Abid, said that the prices of cattle vary…
Japanese government to consider buying back high-bid stockpiled rice
Some distributors are calling for the cancellation of transactions completed as the bidding process yielded higher prices than no-bid contracts, Agriculture, Forestry and…
Indonesia’s inflation slows in May as food prices fall
With inflation sitting well within the central bank target, it could open room for further monetary easing to support economy recovery, though it will likely remain cautious amid…
Philippines to restore pork price caps, says agriculture secretary
Agriculture Secretary Francisco Tiu Laurel Jr. on Thursday said the price cap would be retained at P350 per kilogram for pork leg/ham and shoulder and P380 per kilogram for pork…
Malaysians have highest grocery bill in South-East Asia
Experts said several factors explain this, including a reliance on food imports, a weaker Ringgit, and farm labour shortages.
In Japan, rice purchase applications halted amid huge demand
The government is now expected to reach its 200,000-ton limit for releasing state-stockpiled rice that was harvested in 2022, according to the agriculture ministry.
Discretionary contracts for stockpiled rice: Will they help calm prices?- The Japan News
It is important to promote measures to stabilise prices that will be acceptable to both consumers and producers.