Business News Asia
The Economist Intelligence Unit (EIU), an economic analysis agency, said Asian currencies are likely to weaken for another quarter after the U.S. Federal Reserve (Fed) continued to raise interest rates. The EIU expects the Fed to raise rates again in…
According to Taiwan’s Department of Budget, Accounting, and Statistics (DGBAS), inflation in Taiwan increased in September. The Consumer Price Index (CPI), a key measure of inflation, rose to 2.75% year-on-year. A statement from DGBAS said inflation accelerated in September after…
The latest survey from the U.S. Census Bureau’s Household Pulse shows that high inflation is making it harder for people to find money for their essential expenses. It is also affecting retirement savings, forcing people to cut back on travel,…
According to the German Institute for Economic Research (Ifo), more and more German companies are planning price increases. This move indicates that inflation is not slowing down. The Ifo inflation forecast for the coming months was 53.5 in September, compared…
Thai headline inflation slowed in September from the previous month and was lower than expected. However, above-target consumer prices have reinforced expectations of further rate hikes. According to the Department of Commerce, the consumer price index (CPI) rose 6.41% in…
Annual inflation in the Philippines accelerated to 6.9% in September, the highest level in 4 years. Higher-than-expected inflation in September was driven by high food and utility prices, bringing the average nine-month September rate to 5.1%, well above the central…
South Korea’s statistics bureau said Wednesday that the consumer price index (CPI) in South Korea rose at a slower pace in September than a year earlier for the second month in a row. This is another sign that inflation in…
Japan’s Ministry of the Interior said today (Oct. 4) that the core consumer price index (CPI), which excludes fresh food prices in the Japanese capital Tokyo, rose to 2.8% in September from 2.6% in August. The main reason for the…
Switzerland’s consumer price index (CPI) came down to 3.3% on an annual basis in September. However, it is still above the Swiss central bank’s target value of 0-2% for the eighth month in a row. Economists expect the consumer price…
According to the National Statistical Institute of Turkey, the inflation rate in Turkey was 83.45% year-on-year in September. This was the highest level in 24 years after the Turkish Central Bank announced two interest rate cuts in the past two…
