Pakistan’s inflation rate dropped to 11.8% in May 2024. Inflation has been decreasing for five consecutive months. Food inflation in urban areas decreased to 2.2% in May 2024. In a significant economic development, Pakistan’s monthly inflation rate eased to 11.8% in May 2024 on a year-over-year basis, marking the lowest annual inflation rate in 29 … Read more
According to one forecast, food prices will remain persistently high this summer as a poisonous mix of headwinds, including the war in Ukraine, combine to exacerbate the overall cost of living crisis. According to the most recent official numbers from the Office for National Statistics, the rate of grocery inflation is just under 7%. Food … 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
KARACHI: The prices of food commodities continue to rise, as Pakistan records its worst food inflation in recent times. Rupee depreciation, rising trade deficit and the hike in petroleum products prices make it difficult to make ends meet for the common man. The essential food items get dearer, as there is no sign of relief … Read more
KARACHI: The food prices can be curtailed if imports of the same are facilitated, an official said. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo emphasised that tea prices can be quickly curtailed if imports are facilitated directly from Tanzania, which is a major producer of tea in the … Read more
KARACHI: The headline inflation based on the Consumer Price Index (CPI) increased 9.7 per cent on year-on-year (YoY) basis in June 2021, compared with an increase of 8.6 per cent in June 2020, according to the latest data released by the Pakistan Bureau of Statistics (PBS) on Thursday. The CPI inflation witnessed an increase of … Read more
