June Inflation Soars In Asian Markets July 4, 2008
Posted by karmiclatte in EconomyWatch.Tags: asia, consumer prices, inflation
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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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