Summary: Inflation is easing across Asia due to lower food and fuel prices, stronger local currencies, and a slowdown in consumer prices. This easing allows central banks to support their economies, with some already implementing rate cuts or adopting dovish stances. The US inflation rate, however, accelerated to 2.4% in May, contrasting with Asia’s deflationary pressures.

Link: https://www.straitstimes.com/business/economy/prices-are-easing-across-asia-paving-way-for-rate-cuts-and-us-divergence