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Stubborn inflation is challenging Asia's central banks

Prices may have risen less than in West, but also have fallen less

| Southeast Asia
A public market in Manila on Jan. 28: Food prices are a key reason for the rising consumer inflation in Asia.   © Reuters

Priyanka Kishore is economic and forum director for CEO peer group forum IMA Asia and former head of India and Southeast Asia at Oxford Economics.

After surging in 2022, inflation was expected to fade quickly this year, not least because of the aggressive tightening cycle that most central banks had embarked upon.

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