Soaring price of onions confronts NLD with challenge of governing
As the National League for Democracy prepares to take charge of Myanmar’s economy, small businesses in Yangon are cutting costs and preparing for the worst, with food prices soaring and the kyat touching an all-time low against the dollar.
Restaurant and tea-shop owners in Myanmar’s largest city said on 23 November they are struggling. The cost of some basic commodities such as onions has doubled over the past month. Small-shop owners say sales are falling, as buyers grow increasingly frugal.
