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Costs were already rising before Russia invaded Ukraine. Now, Asia's businesses and households are being squeezed even harder.    © Illustration by Michael Tsang
Asia Insight

Inflation starts to bite in Asia on war, COVID, supply squeeze

Growing public anger puts governments to the test ahead of elections

RURIKA IMAHASHI, Nikkei staff writer | Japan

TOKYO -- For 30 years, Tokyo supermarket owner Hiromichi Akiba has abided by a mantra of "providing customers with delicious, fresh food at a low price."

His philosophy is now being tested. Costs are soaring because of supply chain disruptions, the Ukraine war and pent-up demand stemming from the two-year-long pandemic.

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