scorecardresearchWorst is yet to come for food inflation in Asia, India to see over 9% inflation, Nomura Warns

Worst is yet to come for food inflation in Asia, India to see over 9% inflation, Nomura Warns

Updated: 20 Jun 2022, 03:32 PM IST
TL;DR.
Asia’s red-hot food prices will likely heat up further in the coming months, with Singapore, South Korea and the Philippines set to see the sharpest price increases, according to Nomura Holdings Inc.
Inflation is already spreading beyond cereals and edible oils to other categories like meat, processed food and even dining out, Nomura said. Rice -- so far kept stable by ample stocks -- may be next if demand surges as nations seek alternatives to pricey wheat.

Inflation is already spreading beyond cereals and edible oils to other categories like meat, processed food and even dining out, Nomura said. Rice -- so far kept stable by ample stocks -- may be next if demand surges as nations seek alternatives to pricey wheat.