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June Inflation Soars In Asian Markets July 4, 2008

Posted by karmiclatte in EconomyWatch.
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The past week had several Asian countries reporting record June inflation figures largely fuelled by soaring food costs, energy prices and removal of oil subsidies by some governments in the region.

India – 11.63 percent (late June), 13-year high

Indonesia – 11.03 percent, 21-month high

Philippines – 11.4 percent, 14-year high

South Korea – 5.5 percent, 10-year high

Taiwan – 4.97 percent (updated)

Thailand – 8.9 percent, 10-year high

Vietnam – 26.8%

China – 7.7 percent, May (will update as above for June when available)

Hong Kong – 5.7 percent (May)

Malaysia – 3.8 percent (May), 22-month high

Singapore – 7.5 percent (May), 26-year high

Taiwan – 3.71 percent (May)

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