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Inflation seen rising in India, China, other big Asian nations in 2022

Surging costs of imported commodities have driven China's factory inflation to the highest level since 2008, while selling prices to consumers are holding fairly steady.

Photo: Bloomberg
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While inflation in most of Asia is likely to stay below 4% next year, India and Sri Lanka are seen as different. Photo: Bloomberg

Cynthia Li and Myungshin Cho | Bloomberg
Renewed virus restrictions across Asia have weakened consumer spending, but inflation may keep ticking higher in some of the region’s biggest economies.

China’s consumer prices will climb an estimated 80 basis points next year, the most in Asia, followed by Indonesia seen observing an increase of three quarters of percentage point, according to economists surveyed by Bloomberg. Analysts see the biggest price falls in the Philippines, where inflation is seen easing 1.2 percentage points.

Diverging inflation paths will determine the different paces at which Asia’s monetary authorities start to wind down pandemic-era stimulus. In South Korea, where a gauge of consumer prices

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