inflation
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State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to…
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US inflation holds steady: CPI rises 0.2% in August 2024 | The Express Tribune
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[ad_1] The US Bureau of Labor Statistics has reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.2% in August 2024, matching the increase seen in July. Over the past 12 months, the index grew by 2.5% before seasonal adjustment. The primary driver of the increase was a 0.5% rise in the…
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Pakistan’s inflation drops to single digit after nearly 3 years
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[ad_1] A shopkeeper uses a calculator while selling spices and grocery items along a shop in Karachi on June 11, 2021. — Reuters ISLAMABAD: Pakistan’s annual core inflation, measured by Consumer Price Index (CPI), decelerated further to 9.6% in August, the first single-digit reading in almost three years, the Pakistan Bureau of Statistics (PBS) said…
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Pakistan records lowest inflation in nearly three years | The Express Tribune
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[ad_1] Listen to article Pakistan’s consumer price index (CPI) rose by 9.6 per cent year-on-year (YoY) in August, marking a 34-month low, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The CPI, which tracks household inflation by measuring price changes across various categories of household expenditure, showed a notable decline from the…
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Gold hovers near record highs ahead of US inflation data release | The Express Tribune
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[ad_1] Listen to article Gold prices remained near record highs on Friday, poised for a monthly gain amid US rate-cut expectations and geopolitical uncertainty. Spot gold was up 0.1% at $2,523.59 per ounce, close to the August 20 peak of $2,531.60. It has risen over 3% this month. US gold futures slipped 0.1% to $2,556.70. In the Middle East,…
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PBS registers CPI inflation at 11.1% for July
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[ad_1] People buy pulses and grains at a wholesale market in Karachi on February 1, 2023. — AFP ISLAMABAD: The general Consumer Price Index (CPI)-based inflation recorded at 11.1% on year-on-year basis in July 2024, down from 12.6% in June 2024 and 28.3% in the corresponding month last year, according a data released by the…
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Finance ministry projects inflation moving towards single-digit rates
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[ad_1] Federal Minister for Finance and Revenue Muhammad Aurangzeb addressing Pakistan Banks Associations Executive Committee at Islamic Chamber of Commerce on July 30, 2024. —APP The Ministry of Finance has forecast July inflation to fall between 12% and 13%, with further cooling in August to 11% to 12%, and expressed optimism about reaching single-digit rates…
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ADB forecasts high inflation for Pakistan in current fiscal year | The Express Tribune
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[ad_1] The Asian Development Bank (ADB) has predicted that inflation in Pakistan will remain high in the current fiscal year. The bank’s latest Asian Development Outlook report raised its economic growth forecast for developing Asia and the Pacific from 4.9% to 5%, but Pakistan faced a more challenging outlook. The ADB forecast that Pakistan’s inflation rate, which had…
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CPI inflation picks up in June in line with govt, market consensus
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[ad_1] Women buy groceries at a wholesale market in Lahore’s Akbari Market. — Online/File In line with market and government expectations, the country’s headline inflation edged higher to 12.6% year-on-year (YoY) in June, compared to 11.8% in May, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. According to the PBS…
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Pakistan’s inflation to decline in FY25: Fitch
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[ad_1] The headquarters of Fitch Ratings Ltd. stands in the Canary Wharf business and shopping district in London, UK. — AFP As Pakistan prepares to enter a new International Monetary Fund (IMF) programme, Fitch Ratings has predicted a drop in inflation and interest costs in the country during FY25. The rating agency, in its statistical…
