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Tokyo school swaps fresh fruit for jelly as food prices soar

Tokyo school swaps fresh fruit for jelly as food prices soar

For months, Kazumi Sato, a nutritionist at a middle school in eastern Tokyo, has received notices about hikes in ingredient prices.
As prices rise, Vietnamese fork out less for pork

As prices rise, Vietnamese fork out less for pork

Vietnamese families have been consuming less pork in recent months as prices increased, switching to other sources of protein like chicken and eggs.
July 3, 2022 | 06:18 am PT
S.Korean office workers hit convenience stores as 'lunch-flation' bites

S.Korean office workers hit convenience stores as 'lunch-flation' bites

Office worker Park Mi-won had never bought her lunch from a convenience store, until her favourite lunch buffet recently raised prices by more than 10 percent to 9,000 won ($7) as South Korean inflation soared to a 14-year high.
June 28, 2022 | 06:29 pm PT
Industries hit hard by rising fuel prices

Industries hit hard by rising fuel prices

Sao Viet Bus, which operates on the northern route Hanoi – Lao Cai Province, is struggling to survive as the price of fuel, which accounts for 50 percent of costs, keeps rising.
June 28, 2022 | 04:44 pm PT
Vietnamese turn frugal as prices soar

Vietnamese turn frugal as prices soar

Nguyen Thu Trang has been going to the supermarket late at night for the last month knowing meat and vegetables are cheaper then.
June 26, 2022 | 05:00 am PT
G7 summit kicks off under shadow of Ukraine war, stagflation risk

G7 summit kicks off under shadow of Ukraine war, stagflation risk

German Chancellor Olaf Scholz welcomes leaders of the Group of Seven rich democracies on Sunday to a three-day summit in the Bavarian Alps overshadowed by the war in Ukraine and its far-reaching consequences, from energy shortages to a food crisis.
June 25, 2022 | 06:23 pm PT
Singapore announces $1.08 billion support package to handle soaring prices

Singapore announces $1.08 billion support package to handle soaring prices

Singapore will introduce a S$1.5 billion ($1.08 billion) support package for mainly lower-income groups to help mitigate increased living costs from inflation and rising energy prices, its finance minister said on Tuesday.
June 21, 2022 | 06:20 pm PT
Fuel price hikes a great burden on transport businesses

Fuel price hikes a great burden on transport businesses

Nhat Tin Logistics, which operates 450 trucks, saw fuel costs rise by nearly 20 percent between April and May.
June 20, 2022 | 05:24 pm PT
Inflation to be contained within target this year: central bank

Inflation to be contained within target this year: central bank

Vietnam will be able to keep inflation under the targeted 4 percent cap this year despite rising prices and a stronger dollar, a central bank official has assured.
June 19, 2022 | 07:20 pm PT
HSBC lowers Vietnam inflation forecast

HSBC lowers Vietnam inflation forecast

HSBC has cut its inflation forecast for Vietnam from 3.7 percent to 3.5 percent, thanks to stable food supply and weaker than expected impacts of fuel costs.
June 15, 2022 | 05:00 am PT
China's producer inflation eases to 14-month low in May

China's producer inflation eases to 14-month low in May

China's factory-gate inflation cooled to its slowest pace in 14 months in May, depressed by weak demand for steel, aluminium and other key industrial commodities due to tight Covid-19 curbs.
June 9, 2022 | 07:09 pm PT
Out of the frying pan: Indonesians pay price of cooking oil crisis

Out of the frying pan: Indonesians pay price of cooking oil crisis

About three weeks after Russian troops attacked Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.
June 8, 2022 | 01:38 am PT
World Bank slashes global growth forecast to 2.9 pct, warns of 'stagflation' risk

World Bank slashes global growth forecast to 2.9 pct, warns of 'stagflation' risk

The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9 percent for 2022, warning that Russia's invasion of Ukraine has compounded the damage from the Covid-19 pandemic, and many countries now faced recession.
June 7, 2022 | 06:06 pm PT
Experts at odds on inflation threat

Experts at odds on inflation threat

Economists are divided on how the government should handle the rising inflation amid global headwinds.
June 5, 2022 | 10:10 pm PT
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