Price spikes in Asia mean the whole world is now dealing with inflation
Price Spikes In Asia Mean the Whole World Is Now Dealing With InflationZhang Peng/LightRocket via Getty Imageshe world is now facing a synchronized inflation outbreak as food and energy prices surge in Asia, a shift from just a few months ago when the region appeared to avoid the price fever gripping the U.S. and parts of Europe.
Regional government bond yields have risen through this year, led by South Korea, with the emerging Asia total return index down 2.6%, its worst performance since 2013. That signals an expectation that some central banks will raise interest rates to slow inflation and prop up their currencies as capital leaves the region.
A net $22.3 billion in investments last month flowed out of emerging Asia, excluding China, according to Australia & New Zealand Banking Group — marking the biggest sell-off since March 2020. Central banks in South Korea and Singapore also meet this week, with economists split on prospects for another rate increase in Seoul while those in the city-state of Singapore are expected to tighten settings to combat imported inflation, especially energy.
Vendors are seen at a food market in Bangkok, Thailand, March 30, 2022. Thailand's central bank said Wednesday that the Southeast Asian country's headline inflation will exceed this year's target range on higher energy and food pricesWhile the correlation between factory prices and consumer costs is influenced by a range of factors, as some companies absorb the charges or as exchange rates soften the blow, analysts at ANZ and Nomura Holdings Inc. see more inflation coming.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Katie Price 'planning to go raunchier' as OnlyFans 'wasn't lucrative'EXCLUSIVE: We could be seeing a lot more of Katie Price on OnlyFans in the future...
Read more »
China feels the pinch after spike in food and energy costsChina’s factory gate prices and consumer inflation accelerated in March, driven by a spike in food and energy costs as the world’s second-largest economy imposed Covid-19 lockdowns in major cities
Read more »
Tree-planting driving up rural land pricesExceptionally high demand and low supply means prices have risen sharply, a new report says.
Read more »
Soaring petrol prices send US inflation to 40-year highConsumer prices reached a fresh 40-year high in March after the US stopped Russia energy imports.
Read more »