ISLAMABAD: The weekly inflation rate in Pakistan increased by 0.49%, according to the latest report released by the Pakistan Bureau of Statistics (PBS). As per the PBS data, the overall annual inflation rate now stands at 4.57%. During the week under review, prices of 24 essential commodities increased, 8 items became cheaper, while rates of … Read more
ISLAMABAD: Pakistan is expected to witness a decline in inflation this fiscal year, according to the Asian Development Bank’s (ADB) recent report on developing Asia-Pacific economies. According to the report, the expected drop in inflation is primarily attributed to a decrease in the prices of food and other essential commodities. The ADB has forecast Pakistan’s … Read more
ISLAMABAD: President of Federation of Pakistan Chambers of Commerce and Industry Atif Ikram Sheikh has said that the current fiscal inflation rate will exceed 22 percent due to the increase in tax rates and energy prices. President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Shaikh has said in a statement that the … Read more
The Pakistan Bureau of Statistics (PBS) reported that the Sensitive Price Index (SPI) for the week ending February 29, 2024, increased by 1.27 percent. This represents a significant year-on-year rise of 32.73 percent, primarily driven by soaring prices of essential items. The notable increases in prices include a staggering 570 percent surge in gas charges … Read more
ISLAMABAD: Finance Minister Ishaq Dar has claimed that inflation rate will be 7 percent by 2025. Addressing a media workshop at the Defense University on Tuesday, Dar said that Pakistan will get 1.19 billion dollars within 24 hours after the approval of the IMF board meeting. He said, “Inshal Allah Pakistan will join the G-20 … Read more
Colombia’s central bank may need to consider more increases to its benchmark interest rate. Leonardo Villar issued a warning last week that the inflation rate was still rising. The IMF urged extra caution to be used in managing. Depending on how inflation behaves in Latin America’s fourth-largest economy, Colombia’s central bank may need to consider … Read more
Businesses should do more to reduce prices in the coming months, the government’s cost of living tsar says. Britain battling cost-of-living levels not seen in decades. The inflation rate is expected to top 11% in October, the Bank of England predicts. UK minister warns of the risk of “unrealistic expectations” over pay. Finance Secretary Rebekah … Read more
Turkey’s Consumer Price Index (CPI) rose 73.5% in May from the same period last year, the highest since October 1998. According to the research institute, China’s CPI rose by 2.98% in May compared to the same month last year. The highest annual increase in prices in the transport sector was 107.62%. Read more: Turkey makes a formal request to change its name to ‘Turkiye’ Prices for food and non-alcoholic beverages increased by 91.63%, and prices for furniture … Read more
WASHINGTON: Her shopping cart is overflowing with food, but there is no trace of steak. “Too expensive,” said Lisa, a 48-year-old mother, as she left a Giant supermarket in Washington. In the United States, land of barbecues and steakhouses, beef is becoming a luxury. Overall consumer prices rose by seven per cent over the course of … Read more
ISTANBUL: Turkey’s central bank on Thursday bowed to market pressure and halted a four-month streak of interest rate cuts that saw inflation soar and the currency collapse. The bank left its policy rate at 14 per cent two days after President Recep Tayyip Erdogan, a fervent opponent of high interest rates, said future reductions could … Read more
HAVANA: Cubans are no strangers to queuing for everything from bread to toothpaste, often standing for hours under a blazing sun with no access to a toilet or drinking water, and always with the fear of leaving empty-handed. It is a daily ordeal Cubans have endured for about 60 years of communist rule, now worsened by … Read more
Consumer prices in the Gulf Cooperation Council states are projected to have risen 2.1 per cent in 2021, compared with 1.2 per cent in 2020, Arab News quoted a report by the GCC Statistical Centre revealed. Looking forward, inflation rate forecasts for 2022 and 2023 are predicted at 1.8 per cent and 2.6 per cent, … Read more
Prime Minister Imran Khan has said that Pakistan’s economy is currently moving towards recovery than any other country in the sub-continent on Friday. According to details, in a message on a social networking site, Twitter, the Prime Minister of Pakistan, Imran Khan has said that Pakistan’s economy is improving. “Pak moving towards economic recovery faster … Read more
Weekly inflation report has been released across the country which has recorded a decrease of 0.07%. According to the report, the Bureau of Statistics has released a weekly report on inflation, according to which the rate of inflation has come down by 0.07 percent in one week. After a record decline of 0.07 percent, the … Read more
