For the cosmetics market which is comprised of makeup, skincare, hair care and other personal care products. The inflation was significantly higher than the reported 20-40% primarily because large parts of this segment is dominated by imported products and falling exchange rate and suspended imports caused massive price spikes all through 2022 and 2023.

A 2018 study done by Ministry of Climate Change (MOCC) and Sustainable Development Policy Institute (SDPI)...

As with other Asian countries obsessed with fair skin, there's a fair bit of theory...