Inflation Accelerates in June Across Asia, Amid Food and Energy Price Rises

In June 2025, inflation rates in several Asian countries showed varying trends amid differing economic factors. The Philippines saw a slight uptick in inflation to 1.4%, driven mainly by rising costs in housing, water, electricity, gas, and other fuels, yet the rate remains below the government's target range. In Indonesia, inflation rose modestly by 0.19% month-to-month, primarily due to higher food prices like rice and bird’s eye chili, while stimulus measures aimed to boost consumer spending and economic growth. South Korea experienced a five-month high inflation rate of 2.2% year-on-year, supported by stable core inflation and offsetting price movements in food and energy, with the central bank keeping monetary policy accommodative amid slowing growth. Armenia's inflation reached 3.9% year-on-year, led by price increases in food and services, contrasting with some deflationary pressures in non-food items and seasonal food price drops in June. Overall, these inflation dynamics reflect regional economic challenges including energy costs, food prices, and efforts to stimulate growth.