TOKYO -- Inflation continues to simmer in many Asian countries largely due to higher prices of rice and other food items. Increases in food prices account for 50% to 70% of inflation in the Philippines and India.
Prices of rice remain high in Asia as its major exporters move to prioritize domestic demand.
Datawatch
Higher rice prices keep inflation simmering in Asia
Prices of staple food hit a 15-year high due to extreme weather and export ban
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