South Korea’s consumer inflation falls to 25-month low
The Bank of Korea predicts inflation to rebound from August, coming in at 3 per cent by year-end.
Inflation
Economists warns of food price hikes triggered by drought
Inflation is also expected to rise due to increase in demand in response to the economic recovery and government economic stimulus measures.
Fear of food crisis as multiple problems hit Nepal’s paddy production
The lumpy skin disease, which has killed thousands of oxen, low monsoon rainfall and slow pace of paddy transplantation have raised the possibility of a reduced paddy harvest,…
Indonesia’s inflation drops to almost below 3 percent
The country’s annual consumer price index (CPI) growth slowed to its six-month low of 3.08 percent, according to Statistics Indonesia (BPS). That figure was much lower than…
Price of LPG up in Philippines, ends two-month streak of rollbacks
In an advisory, Petron Corp. said it implemented an increase in LPG prices by P4.55 per kg. This translates to a hike of P50.05 for an 11-kg tank of the cooking gas.
Pakistan government hikes petrol, diesel prices by nearly Rs20
Finance Minister Ishaq Dar said that the government was determined to provide relief to the people amid recent hikes which were unavoidable in the face of international price…
Cambodia’s trade unions gear up for minimum wage talks
The Ministry of Labour and Vocational Training will sit for a yearly negotiation concerning the 2024 minimum wage for employees in the textile, garment, footwear, travel goods and…
Nepal’s traders hike rice prices as India orders export halt
India, the world's largest exporter of rice, said it was imposing a ban on the export of non-Basmati white rice to keep its food reserve intact amid the threat of El Niño…
Save the Philippines from debt misuse
Just as inflation in the prices of goods and services are initially met with howls of protest but eventually become accepted as part of the normal, so, too, it seems, have…
Seoul ups the ante against ‘ramen inflation’
The retail industry seems to be feeling the pinch from pressure from the government, but many industry insiders downplayed the possibility of the rare meeting yielding immediate…