A decade of low inflation will soon be over for Asia’s developing nations as a wave of price increases will soon hit the region, Moody’s Analytics has forecast, because “the far-reaching effects of the Russia-Ukraine war on food, oil, metals, engineering goods and others have begun to show across economies”, a report by Money Control News says.
Nations such as China, Thailand, Vietnam, Malaysia and the Philippines have enjoyed low inflation for over 10 years, despite surges in global commodity prices. But the “dream run” is over, the report said, because supply chains have been unable to keep pace with surging demand.
Read the full report: Money Control News.
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