Consumer prices are rapidly rising in Asia, and many people are trying to stretch their budgets. As governments are giving out cash and increasing subsidies on fuel and staple goods to soften the blow on consumers.
In Thailand, food vendors say inflation is biting into their daily profit.
One man says he raised the price of noodles by 16 cents or 5 baht because fuel, cooking oil, chicken and pork prices have all gone up.
A banana fritter vendor says he reduced the number of bananas he sells for 32 cents from 20 pieces to 15 pieces.
What we see is because the economy is doing well, people feel like they should be able to pass along some of those increases but youll never be able to pass a 100 percent, noted Frederico Gil Sander, an economist at the World Bank in Thailand.
Bad harvests, political tensions and higher demand have wreaked havoc on many families budgets. Many are getting less for their money.
Oil prices
As world oil prices surged in recent months because of tensions in the Middle East, the Thai government capped the price of diesel - the fuel used by truckers to transport goods from the provinces to the cities - to not more than 96 cents per liter. Indonesia decided to delay a planned cut in fuel subsidies. And in the Philippines, the government approved $11.5 million in fuel subsidies to public transport drivers.
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