The price increase was necessitated by the cost rise of consumables and other materials used in salons as the Iran-U.S. conflict escalated in West Asia
The war with the US is not the only factor driving prices skywards.
Commercial LPG prices have been hiked again amid ongoing global tensions, marking the fourth increase since the West Asia conflict began. While businesses and vulnerable groups feel the impact, domestic LPG prices remain unchanged.
External shocks from the war in the Middle East have had only a limited impact on Hong Kong’s inflation, the finance chief has said, despite an upwards revision to forecasts, citing the city’s service-based economy and stable energy and food supplies from mainland China. Briefing the Legislative Council’s Panel on Financial Affairs on Monday, Financial Secretary Paul Chan Mo-po said the surge in global fuel prices was expected to feed through to fuel-related consumer prices, pushing inflation...
Manufacturers in Jamaica say the key chilli peppers they need are in limited supply.
South Korea’s economy faces uncertainties from rising inflation, a weakening won and uneven performance across sectors, even as it grows stronger than expected this year, according to analysts. The Bank of Korea on Thursday revised its economic growth outlook for this year to 2.6 per cent, up 0.6 percentage points from its forecast three months ago, citing robust exports driven by booming semiconductor demand and government supplementary spending aimed at offsetting the shocks from the Middle...
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances. Inflation jumped to 3.8 per cent in April compared with a year ago, the Commerce Department said on Thursday, up from 3.5 per cent in March and the highest since May 2023. On a monthly basis, prices rose 0.4 per cent, down from the 0.7 per cent jump in March. The report showed that prices have risen for many items in...
High costs in Nigeria are reshaping Eid preparations as families adjust spending and cut back on celebrations.
Hike threatens an overall increase in prices of essential commodities
Livestock traders in Pakistan say the war on Iran has hurt their sales ahead of Eid al-Adha.
Fuel costs have risen steeply, thrice in the span of 10 days, as the Iran war continues to choke supplies globally. This has also led to an increase in the prices across the board, with grocery, food, and commute rates burgeoning. Many people in Tamil Nadu find the going very difficult
The rapid sequence of retail corrections, which marks a cumulative hike of over ₹5.50 per litre in a little over a week, has severely disrupted operational calculations for independent dealers and logistics providers
Almost everything restaurants depend on — vegetables, milk, meat, groceries, cooking supplies, and even laundry materials — arrives through transport networks dependent on diesel.
Kevin Warsh, whose broad criticism of current US Federal Reserve officials, playbook for rate cuts and ties to President Donald Trump elevated him past other contenders to lead the central bank, was sworn in as Fed leader on Friday at a pivotal moment for monetary policy and the American economy. Warsh, wearing a dark suit and tie and accompanied by his wife, Jane Lauder, heiress to the Estee Lauder fortune, was sworn in by Supreme Court Justice Clarence Thomas after a lengthy introduction by...
As petrol prices rise, new survey suggests economic confidence in the US is at -45, the worst since 2022.
The central bank said that while inflation currently was within the tolerance band, the potential pass through of higher prices needed to be monitored
On Cenang Beach, Mohamad Zaki Najmi sells fun and adventure activities that have powered Langkawi’s tourism economy for years – jet ski rides and boat tours on the Malaysian island’s turquoise waters. But costs are rising fast at the popular island resort, and the sea sports operator has been forced to pass it on to his customers, a last resort for tourism players in Malaysia as competition for international visitors in Southeast Asia heats up. Higher fuel prices, triggered by the US-Israeli war...
Pushcart vendors and small hoteliers selling tiffins and other varieties are now charging ₹50 and above for a plate, which was ₹30 earlier; while auto drivers are demanding higher fares
CM Siddaramaiah and DCM D.K. Shivakumar criticised the price hike and question the Modi government for burdening the public
The world's third-largest oil importer announced increased fuel prices and austerity measures due to the energy crisis.
Indian Oil Corporation appears more lenient, allowing dealers to pay for a load already delivered before receiving the next within two or three days. The other two companies, however, insist on advance payment, said a petroleum dealer
Petrol crosses ₹107 mark, diesel above ₹93 in Jaipur after Centre hikes fuel prices by ₹3 per litre
Consumer prices spike in April, driven by soaring energy costs, with petrol prices up nearly 30 percent since last year.
US consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department’s consumer price index rose 3.8 per cent from April 2025, according to data released on Tuesday. On a month-to-month basis, April prices rose 0.6 per cent from March as petrol prices rose 5.4 per cent during the month; the month-over-month gain was down from 0.9 per cent increase from February to March. Labor Department figures showed that petrol prices are up more...
The key measure of US inflation rose in April to its highest level since May 2023 as consumers feel the impact of the Iran war.
Fuel costs, inflation and debt pressures are testing Asian economies.