Inflation accelerates across Asia as experts warn of higher prices to come

A passenger jeepney driver refuels his vehicle at a gasoline station in Quezon City, Philippines on Monday, June 20, 2022. Around the world, drivers are looking at numbers on the gas pump and rethinking their habits and finances. - AP

BALI (The Straits Times/Asia News Network): For nearly 40 years, Aristiyo Caraan has driven one of Manila's ubiquitous jeepney minibuses, the transport mainstay for construction workers, cleaners and other modestly paid workers that charges fares of only a few cents.

Before fuel prices started their dizzying ascent last year to levels unseen for at least a decade, Caraan, 64, would take home roughly 1,000 pesos (S$25) a day - enough to send his kids to school and feed his family.