KARACHI: The State Bank of Pakistan (SBP) on Monday announced that the Monetary Policy Committee (MPC) will meet on March 2, 2023 to decide the benchmark interest rate. “The forthcoming meeting of the Monetary Policy Committee has been preponed and now it will be held on Thursday, March 2, 2023,” the SBP said in a … Read more
China factory gate prices for January dropped more than economists anticipated. The PPI fell by 0.8% from a year earlier and outpacing the 0.5% decline predicted in a poll. China’s cost of living will increase over the upcoming months. China factory gate prices for January dropped more than economists anticipated, indicating that upstream industries are … Read more
Inflation in India slowed to 6.73 percent in October but remained stubbornly above 6%. The Reserve Bank of India’s tolerance zone for inflation is between 2% and 6%. This keeps the possibility of the RBI increasing interest rates open. India consumer price inflation slowed to 6.73 percent in October due to weaker food price increases … Read more
Consumer inflation in New Zealand exceeded predictions and remained at historically high levels. The annual inflation rate increased to 7.2% in the third quarter, down from 7.3% in the second quarter. The Reserve Bank of New Zealand hiked interest rates to 3.50 percent in October 2017. In the third quarter, consumer inflation in New Zealand … Read more
The annual rate of US consumer price inflation reached 9.1 percent last month. Yields increase when prices decline. Since last week, the two-year yield has exceeded that of the benchmark 10-year note. Inverted yield curve has preceded each recession over the past 50 years. US stocks: A carefully monitored indicator of recession risk on Treasury … Read more
China’s factory-gate inflation cooled in June to the lowest in 15 months. Consumer inflation rose to the highest in nearly two years. The producer price index (PPI) rose 6.1% year-on-year, after a 6.4% rise in May. 19 lockdowns were lifted in June, but some areas have reported flare-ups in infections. China’s June manufacturing plant entryway … Read more
Consumer price index (CPI) at highest level since January 1983. CPI figures surpassed the average forecast of 7.4%. Bank of Canada will raise the benchmark interest rate by 0.75 percentage points Canadian inflation has reached its highest level in 39 years, with annual price increases of 7.7% in May. A variety of sectors contributed to … Read more
High prices have been witnessed according to analysts. The inflation rate is likely to rise up to 16.5 per cent in the coming fiscal year. SBP has increased the policy points to 400 in 2022. KARACHI: The prices of essential items for the week ended June 16, 2022 have witnessed the highest increase in over … Read more
Jim Cramer warned investors on Wednesday not to invest in digitization stocks while the potential of a recession looming. “You can’t rationalize owning them unless you believe the [Federal Reserve] will rapidly beat inflation without doing much more to harm the economy,” the “Mad Money” host added. Jim Cramer warned investors on Wednesday not to … Read more
With the vital financial institution gearing as much as announcing the monetary coverage subsequent week, analysts expect the State Bank of Pakistan (SBP) to tighten its coverage settings so that it will fight runaway inflation and help the battered rupee, The News said. The marketplace awaits the outcome of the crucial bank’s May 23 assembly … Read more
The inflation statistics in the U.S. is grime, as the CPI breaks 8% for the first time in 41 years. The Consumer Price Inflation in the United States rose in March, since December 1981. The prices of rents, foods, and energy have gone exorbitant. The new rates have been recorded. The CPI has increased to … Read more
WASHINGTON: According to what many Americans already anticipated, prices rose at a record rate last month, following a trend that began in January but was made worse by Russia’s invasion of Ukraine. There will be a surge in gas prices and other petroleum items in March’s Consumer Price Index (CPI) data from the Labor Department … Read more
BEIJING: Looking into 2022, China has a solid foundation for stable prices, after they remained within an appropriate range throughout 2021, experts said. The moderate increase trend in China’s consumer price index (CPI), a main gauge of inflation, is expected to continue this year, said Liu Zhicheng with the Chinese Academy of Macroeconomic Research, a … Read more
LONDON: UK annual inflation has hit the highest level since 1992, data showed Wednesday, adding pressure to the cost of living and on the Bank of England to keep raising rates. The Consumer Prices Index (CPI) edged up to 5.5 per cent in January from 5.4 per cent in December, also a level not seen in … Read more
KARACHI: Pakistan continues to reel under high inflation. The country’s general inflation measured by the Consumer Price Index (CPI) clocked-in at a two-year high of 13 per cent in January, as prices of almost all commodities and utilities maintained a rising trend. Experts say the inflation in January 2022 rose 13 per cent on a … Read more
KARACHI: The headline inflation based on Consumer Price Index (CPI) hit two-year high of 13 per cent in January 2022. The CPI inflation general increased by 13 per cent on year-on-year basis in January 2022, as compared to an increase of 12.3 per cent in the previous month and 5.7 per cent in January 2021, … Read more
LAHORE: Pakistan Peoples Party (PPP) Central Punjab General Secretary and Parliamentary Leader in the Punjab Assembly Syed Hassan Murtaza on Tuesday said that the government of Prime Minister Imran Khan has won ‘the world cup of corruption’. In a statement, Murtaza referred to the Transparency International’s Corruption Perceptions Index (CPI) 2021 in which Pakistan has … Read more
KARACHI: Since the start of FY21, Pakistan’s economy has started recovering, but the boom in the international commodity prices after the opening up of global economies, amid ample liquidity, brought the country’s external account under pressure. “The economy is now on the path of stabilisation due to painful yet necessary policy measures undertaken by the … Read more
WASHINGTON: The US consumer prices jumped last year at the fastest pace in four decades, the government confirmed on Wednesday, underscoring the potent inflation wave that has sapped public support for President Joe Biden even as the economy recovers from the pandemic. The seven per cent increase in the Labor Department’s consumer price index (CPI) over … Read more
BEIJING: The Chinese capital Beijing is striving to notch a year-on-year GDP growth of over 5 per cent this year, local authorities said on Thursday. The city also aims at maintaining its consumer price index (CPI) increase within 3 per cent, compared with the previous year. The targets were unveiled in the government work report … Read more
KARACHI: The headline or food inflation based on the Consumer Price Index (CPI) has increased to a 22-month high of 12.3 per cent in December 2021, according to the inflation numbers released by the Pakistan Bureau of Statistics (PBS) on Saturday. The CPI inflation rose 12.3 per cent on a year-on-year basis in December 2021, … Read more
KARACHI: The headline inflation for December 2021 is likely to rise up to 12.3 per cent, despite soft food prices, analysts said on Tuesday. The analysts at Insight Securities said that despite soft food prices, the inflation based on the Consumer Price Index (CPI) for December 2021 will arrive at 12.3 per cent on a … Read more
Dolmen City REIT (DCR) has been showing signs of recovery after the pandemic phase with the improvement in footfall in recent months. However, the activity has not reached to pre-pandemic levels, as yet. Nonetheless, the REIT has kept its absolute payout unchanged in the last two years, despite concessions offered to tenants, maintaining the stock’s … Read more
Targeting 53,000 points by December 2022, Arsalan Soomro at KASB Securities project earnings growth of 12 per cent and a dividend yield of 6 per cent. Moreover, the index has the potential to re-rate once issues relating to the cash-starved energy chain are appeased. After considerable signs of economic overheating, the government and the central … Read more
WASHINGTON — U.S. consumer prices in November rose at the fastest annual pace in almost 40 years, increasing pressure on the Federal Reserve to tighten monetary policy, the U.S. Labor Department reported on Friday. The consumer price index (CPI) last month rose 0.8 percent from the previous month and 6.8 percent from a year earlier, … Read more
BEIJING: Consumer inflation in China picked up to its highest level in over a year in November, official data showed on Thursday, bolstered by an uptick in pork prices as seasonal demand spiked. The consumer price index (CPI), a key gauge of retail inflation, came in at 2.3 per cent on-year according to the National Bureau … Read more
KARACHI: The inflation based on the Consumer Price Index (CPI) for November 2021 is expected to register a double-digit growth to 10.43 per cent, compared with 9.19 per cent and 8.35 per cent in October and November 2021, respectively. This will take average inflation during July-November 2021/22 to 9.07 per cent, compared with 8.76 per … Read more
WASHINGTON: US Treasury Secretary Janet Yellen said on Monday she expects the current record-high inflation to ease, with monthly rates falling back to 0.2 per cent or 0.3 per cent in the second half of 2022. “I’m hoping and expecting in the second half of next year, to see monthly CPI (consumer price index) rates coming … Read more
