Myanmar's fight to tame inflation sows turmoil over cooking oil

Shortages, tainted products spring up under military's price controls

20230913N Myanmar

People line up to buy oil in Yangon in August. Food oil at one point was selling for more than double the reference price set by the government.

Nikkei staff writers

BANGKOK/YANGON -- Myanmar is experiencing major supply disruptions in cooking oil as its military government struggles to contain inflation.

Prices have been on the rise in Myanmar, especially for imported goods, as the local currency falls in value, and authorities have responded with strong-arm tactics, resulting in market turmoil.

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