inflation
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Asian markets rise despite lingering concerns about inflation, Ukraine
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[ad_1] Asian stock markets rise but investors remain cautious about the inflation and Ukraine crisis. Photo: AFP/file SEOUL: Asian stock markets mostly rose in early trade Thursday after a recovery on Wall Street, but investors remained cautious about the ongoing impact of skyrocketing inflation and the war in Ukraine. Prices were already soaring in major…
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US inflation at 16.5-year high | The Express Tribune
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[ad_1] WASHINGTON: US monthly consumer prices increased by the most in 16.5 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50-basis-point interest rate hike from the Federal Reserve next month. The surge in prices reported by the Labour Department on Tuesday culminated…
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Egypt inflation rises to 12.1% as foreign reserves dip
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[ad_1] Women selling vegetables in Egypt. — AFP CAIRO: Egypt’s annual inflation rate hit 12.1 per cent in March, official figures showed Sunday, as foreign reserves declined by $4 billion during the same month, according to the central bank. “The annual headline inflation rate recorded 12.1 per cent for March 2022, compared to 4.8 per…
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Annual inflation at 21-year high | The Express Tribune
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[ad_1] MEXICO CITY: Mexican consumer prices rose in March to levels not seen since early 2001, with economists saying the data suggests more interest rate hikes are likely, as the central bank underscored the balance of risks for inflation deteriorated again. Consumer price inflation rose 7.45% in the year through March, way more than the…
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More inflation pain ahead for Turkey | The Express Tribune
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[ad_1] LONDON: Wall Street banks predicted on Monday more price pressures ahead for Turkey after the country reported annual inflation rates climbing to a 20-year high of 61.14% in March. JPMorgan predicted Turkey’s annual inflation would hover in the 65-70% range until the very end of the year when it could fall to 44% due…
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Inflation stands at 12.7% in March | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate in March, which could turn out to be the last month of the government of Prime Minister Imran Khan, rose 12.7% due to a surge in prices of food and energy goods – a pace that was almost triple the one recorded in June 2018. The Consumer Price Index (CPI)…
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Oil prices jump, stocks fall over inflation, Russia concerns
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[ad_1] Photo: AFP LONDON: Oil prices surged while stock markets fell on Wednesday on renewed fears over Russian energy supplies and soaring inflation. Crude futures jumped more than 4% with Brent North Sea, the international benchmark, exceeding $120 per barrel. Russian Deputy Prime Minister Alexander Novak on Wednesday warned that a ban on Russian oil…
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Inflation likely to slip further | The Express Tribune
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[ad_1] KARACHI: The latest jump in cut-off yields on 3-12 months sovereign papers – T-bills – suggests that the benchmark interest rate and inflation reading are close to “peaking out” and economic activities are bound to gain momentum in Pakistan. The cut-off yields on 3-12 months T-bills stood higher compared to the longer-tenure papers like…
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Import tax rationalisation to ease inflation: FBR | The Express Tribune
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[ad_1] KARACHI: Withholding tax (WHT) should be levied on income rather than on transactions and further tax should be abolished, said Federal Board of Revenue (FBR) Chairman Muhammad Ashfaq Ahmed. Speaking at the Karachi Chamber of Commerce and Industry (KCCI) on Monday, he emphasised that the rationalisation of import tax would help to bring down…
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Auto sector grows despite inflation | The Express Tribune
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[ad_1] KARACHI: Despite mounting inflation, rising commodity prices and contraction in purchasing power of the public, foreign automobile brands are entering the Pakistani market to capitalise on the available opportunities. Peugeot, a European car company, announced on Saturday to kick start manufacturing of cars in Pakistan in partnership with Lucky Motor Corporation. “The first step…
