inflation
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PM Office seeks Rs200b to offset inflation impact | The Express Tribune
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[ad_1] ISLAMABAD: The Prime Minister (PM) Office has asked for a Rs200 billion budget to immediately provide relief to the inflation-hit people amid tight fiscal controls imposed by the International Monetary Fund (IMF) that did not leave any cushion for additional spending. PM Imran Khan wants to bail out the lower- and middle-income groups from…
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Inflation takes toll on kinnow processing | The Express Tribune
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[ad_1] KARACHI: The mounting cost of doing business coupled with supply-side disruptions amid Covid-19 pandemic has taken a toll on the kinnow processing industry of Pakistan. Around 100 kinnow processing factories shut down in Sargodha district alone, after experiencing drastic losses on the back of soaring commodity prices and pandemic induced limitations, Pakistan Businesses Forum…
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Turkey’s inflation surges to two-decade high of 48.7% | The Express Tribune
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[ad_1] ISTANBUL: Turkey’s annual inflation soared to a 20-year high of 48.69% in January, data showed on Thursday, fuelled by the push for unorthodox interest rate cuts and a resulting crash in the currency late last year. Consumer prices jumped 11.1% from the previous month, the Turkish Statistical Institute (TUIK) said, eating deeply into Turks’…
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IMF expresses concerns over rising inflation in Pakistan
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[ad_1] The economy is set to continue recovering in FY 2022, with real GDP growth projected at 4%. The International Monetary Fund (IMF) has expressed concerns over rising inflation and widening current account deficit of Pakistan. In a statement, the IMF said that Pakistan entered the COVID-19 pandemic with strengthened buffers, following the approved EFF…
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Eurozone inflation rises to new record high
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[ad_1] European Central Bank. — AFP/File BRUSSELS: Inflation in the eurozone soared to a new record high in January, official data showed Wednesday, adding pressure on the European Central Bank (ECB) ahead of a monetary policy meeting this week. The figure hit 5.1% last month, a first since the official Eurostat agency started to compile the…
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Inflation skyrockets to two-year high level | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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Inflation skyrockets to two-year high | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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Inflation soars to two-year high in Pakistan: PBS
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[ad_1] Photo: file ISLAMABAD: The inflation rate continued its upward trajectory for the fifth consecutive month and reached another peak of 12.96% in January, making it the highest in nearly two years, data from the Pakistan Bureau of Statistics (PBS) showed Tuesday. Pakistan had reported 14.6% inflation rate in January 2020. The Consumer Price Index…
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Inflation and money supply | The Express Tribune
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[ad_1] KARACHI: Inflation is one of the most important macroeconomic phenomena these days. Globally speaking, inflation has peaked in almost all economies due to supply disruptions with the Consumer Price Index (CPI) at historic highs in the US and UK. Pakistan is also facing the inflation challenge. Inflation control is one of the two main…
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Erdogan sees fall in Turkey’s inflation | The Express Tribune
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[ad_1] ANKARA: Turkish President Tayyip Erdogan reiterated his economic policy on Saturday and said that interest rates would be lowered further and inflation would fall as a result. His comments came days before inflation data for January is announced. He added that Turkey’s economic woes would pass. Embroiled in a currency crisis fuelled by the…
