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Posted 9/16/2023, 5:24:00 AM

Myanmar's Economy in Turmoil as Military Government Struggles to Control Inflation and Cooking Oil Supply

Myanmar's military government is struggling to contain inflation, leading to turmoil in cooking oil supply.
Prices have risen, especially for imports, as the currency falls; authorities have responded heavy-handedly.
People lined up to buy oil in Yangon in August at over double the government's reference price.
Shortages and tainted products have sprung up under the military's price controls.
The crisis comes amid wider turmoil under military rule since the 2021 coup.

nikkei.com

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