Riding on tomatoes, vegetable prices continue to soar
A shocker came for the country when the government released data saying retail inflation skyrocketed at 7.44 per cent riding on high vegetable prices.
Inflation
Burger King says tomatoes on ‘vacation’ as India battles food inflation
Burger King has scrapped tomatoes from its wraps and burgers in many Indian outlets after prices more than quadrupled, the latest symptom of surging food inflation that is hitting…
Onion prices rising again in Bangladesh
Farmers claim most of their onion supply is already finished, with the small reserve remaining not enough to cover the total demand until fresh stocks arrive after the next four…
Nepal’s Department of Transport Management hikes public transport fare
Under the system, the government can revise fares up and down whenever the prices of petroleum products fluctuate by more than 5 per cent.
Businesses call on Indonesia to scrap planned gas price hike
Businesses in Indonesia have urged the government to drop its planned natural gas price hike, saying the policy lacks immediate necessity and carries significant risks to the…
Interim Pakistan government hikes petrol, diesel prices by up to Rs20
The new prices were notified by the Finance Division, which said petroleum prices in the international market had increased during the last fortnight.
Korea considers extending fuel tax cuts amid surging prices, high inflation
Currently, a 25 per cent discount is provided for the consumption of gasoline, and a 37 per cent discount is given for the consumption of diesel and liquefied petroleum gas butane.
Indonesian food and beverage industry mulls price hikes as sugar costs soar
The price of refined sugar on the world market hovered at about 0.53 US cents per kilogram on August 14, up more than 26 per cent from the same period last year.
Philippine oil firms hike pump prices by up to 2.50 Philippine peso per litre
According to Rino Abad, director of the Department of Energy Oil Industry Management Bureau, this was still due to the cut in daily outputs in Saudi Arabia.
South Korea expands welfare services for middle-class households
Young people aged 13 to 34, who are caring for or financially supporting family members with severe ailments, and people aged 40 to 64, who are socially isolated due to illness or…