Prices under pressure
Sunday, March 30, 2003 - 09:16
During 2002 inflation accelerated to about 10 per cent and price pressures increased, as Tonga’s expansionary macroeconomic policies resulted in a marked decline in net foreign assets, a weaker pa‘anga and higher inflation, according to a new IMF report. From Matangi Tonga Magazine Vol. 18, no. 1, March 2003.
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