According to a report by Jin Ten Data, Goldman Sachs mentioned in a research report that the inflation issue in the Asia-Pacific region has essentially been resolved. The agency added that in September, the overall inflation rate in most parts of Asia declined, reflecting a drop in energy prices in some jurisdictions.
Goldman Sachs stated that year-on-year, the overall CPI inflation across all economies in the Asia-Pacific region has returned to target or historical ranges. Nonetheless, core CPI inflation in much of the region remains slightly above pre-pandemic levels, with core CPI inflation exceeding targets in a few small high-income economies such as Singapore, Australia, and New Zealand.
