inflation
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Govt reduces petrol, diesel prices to ease inflation pressure | The Express Tribune
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[ad_1] The government announced on Friday a significant reduction in petrol and high-speed diesel (HSD) prices for the upcoming fortnight, providing relief to consumers grappling with inflation. Effective from June 15, petrol prices will decrease by Rs10.20 per litre, bringing the new price to Rs258.16 per litre. HSD will see a reduction of Rs2.33 per…
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Inflation plummets to 2.5-year low | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate suddenly nosedived to a nearly two-and-a-half-year low of 11.8% in May due to a slump in food prices and some correction in fuel rates, opening a window for the central bank to rectify its monetary policy by making a major cut in interest rates on June 10th. The Pakistan Bureau…
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Short-term inflation reverses trend with 0.11% spike | The Express Tribune
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[ad_1] KARACHI: The short-term inflation gauge, called the Sensitive Price Indicator (SPI), resumed its uptrend as it rose 0.11% in the week ended May 30, 2024, driven by the hike in food prices. With the fresh SPI reading, a six-week falling streak has come to an end, according to the Pakistan Bureau of Statistics (PBS).…
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Short-term inflation gauge slows by another 1% | The Express Tribune
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[ad_1] KARACHI: The short-term inflation decelerated by another one percentage point week-on-week on the back of falling food and energy prices, maintaining its downward trend for the third consecutive week. According to the Pakistan Bureau of Statistics (PBS), the inflation rate hit a two-year low at 24.37% in the week ended on May 2, 2024…
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Pakistan’s CPI inflation hits 17.3% in April — lowest since May 2022
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[ad_1] Women check rice prices at a main wholesale market in Karachi. — AFP/File Pakistan’s Consumer Price Index (CPI) based inflation rate came in at 23-month low of 17.3% year-on-year in April, latest numbers released by Pakistan Bureau of Statistics (PBS) showed. “This is the lowest reading in the last 23 months (after May 2022),”…
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Weekly inflation at new 7-month low | The Express Tribune
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[ad_1] KARACHI: The short-term inflation reading further decelerated by 1.10% in the week ended April 25, 2024 in the backdrop of a fall in prices of food items including tomato, onion and chicken, maintaining its downward streak for the second consecutive week. According to the Pakistan Bureau of Statistics (PBS) and local research houses, the…
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BOJ ‘very likely’ to hike rates if inflation keeps rising | The Express Tribune
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[ad_1] WASHINGTON: Bank of Japan Governor Kazuo Ueda said on Friday the central bank “very likely” will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the future. The central bank must maintain loose monetary policy for the time being as underlying inflation…
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Global investors pull back amid inflation concerns | The Express Tribune
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[ad_1] BENGALURU: Global investors dumped equity funds for the second consecutive week in the week ended April 10, amid persistent inflation worries and diminishing expectations for a US Federal Reserve rate cut in June. Economic data released on Wednesday showed US consumer prices increased more than expected in March, casting further doubt on whether the…
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Inflation falls to two-year low of 20.7% in March | The Express Tribune
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[ad_1] ISLAMABAD: Inflation fell to nearly two years low of 20.7% in March despite seasonal spurt in perishable food items, beating the government’s expectations by a wide margin and putting a question mark on the central bank’s policy to maintain record high interest rates. The Pakistan Bureau of Statistics (PBS) reported on Monday that the…
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Turkey raises interest rate by 500bps to ‘anchor inflation’
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[ad_1] The Central Bank of the Republic of Türkiye (CBRT) headquarters in Ankara, Türkiye. — AFP/File In a bid to curb rampant inflation, Turkey’s central bank Thursday raised policy rate by 500 basis points to 50%, a move that stunned the market. As per the statistics, Turkey’s annual inflation swelled to 67.07% in February from…
