As inflation becomes a major issue for the global economy, the rate of increase in consumer prices in Singapore reached its first level in 8 years and 10 months in December last year, and there is a growing sense of caution about rising prices in Southeast Asia as well.
The CPI index rose 4% last December compared to the same month last year, according to a statement by the Singapore Census Bureau.
Airfares have risen, and electricity and gas prices have also risen due to high energy prices, which is the first increase in 8 years and 10 months since February 2013.
Watching inflation trends in Southeast Asian countries
In Thailand, where consumer prices rose 2.1% last December, food prices, especially pork, have risen this month, and the government is on the alert.
The price of pork is rising due to the rise in food prices and the decrease in supply due to the confirmed infectious disease of pigs in Japan, and there is a movement to raise the price of pork dishes by about 30% at restaurants near the capital Bangkok. I am.
In addition, the rate of increase in consumer prices in Southeast Asia last month
was + 3.2% for Malaysia
and + 1.8% for Indonesia.
In Southeast Asia, the economic recovery from the corona disaster has been delayed, and as the United States moves toward tightening monetary policy, there is concern that the currency of its own country will fall against the dollar and the price of imported goods will rise, and the authorities of each country will inflate. We are paying close attention to the trends in.