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Myanmar Crisis

Myanmar inflation crushing consumers since military takeover

Rice prices have surged more than 40% while exorbitant gas costs hit transport

Weaker logistics and more supply shortages, as well as soaring fertilizer and fuel prices, are contributing to Myanmar's economic woes.

BANGKOK -- Inflation is rising in military-controlled Myanmar, pushing up prices for rice and other daily necessities as the kyat, the country's currency, has been devalued due to a shortage of foreign exchange.

The country finds itself in a vicious cycle, with people spending less amid runaway inflation and a worsening economy.

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