Sonal Varma is chief Asia economist and Si Ying Toh is an analyst, both at Nomura Holdings.
Second K-shaped shock to hit low-income households after the pandemic
Shoppers purchase packets of vegetable oil at a supermarket in Mumbai on March 7: Higher food prices can lead to higher inflation expectations. © Reuters
Sonal Varma is chief Asia economist and Si Ying Toh is an analyst, both at Nomura Holdings.