inflation
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Inflation spikes on food, energy costs | The Express Tribune
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[ad_1] KARACHI: The weekly inflation reading ticked up 0.04% due to a hike in food and energy prices in the week ending February 22, ending the downturn recorded in the past three consecutive weeks. According to Pakistan Bureau of Statistics’ (PBS) data, the inflation reading decelerated to a 13-week low at 30.68% for the week…
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Gas price surge expected to propel inflation to 25% | The Express Tribune
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[ad_1] KARACHI: The latest hike in gas and petroleum oil prices for households and industrial consumers in February is estimated to increase the inflation rate by almost half a percentage point to around 25% in the current fiscal year 2023-24, reducing the likelihood of a token cut in the benchmark interest rate in mid-March 2024.…
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Inflation to stay at 28.5% despite ‘economic stabilisation’ | The Express Tribune
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[ad_1] ISLAMABAD: Two days after the central bank elevated its inflation forecast, the federal government on Wednesday significantly upwardly revised its projection, stating that inflation may remain around 28.5% in January due to food supply shocks. In its flagship monthly economic outlook report, the finance ministry anticipates inflation to be around 27.5%-28.5% in January, a…
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Inflation spikes to 43.79% YoY | The Express Tribune
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[ad_1] KARACHI: The week ending January 25 witnessed a sharp surge of 43.79% in inflation, as measured by the Sensitive Price Indicator (SPI), compared to the same week last year. The rise, driven by increased energy and food prices, has placed significant strain on the purchasing power of consumers. This persistent inflationary trend is attributed…
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Stocks slip over high inflation reading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Tuesday experienced a downturn, following a highly bullish session a day ago, primarily owing to dismal data revealing that the Consumer Price Index (CPI) surged to 29.7% year-on-year (YoY) in December 2023. In the morning, the trading session began on a robust note, touching intra-day high at 65,333.69…
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Pakistan’s inflation likely to ease in range of 20-22% in FY24
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[ad_1] People show their NICs to receive free bags of flour from a delivery truck at a distribution point in Lahore on March 20, 2023. — AFP Pakistan’s inflation will ease around 20-22% in the financial year 2023-24, weeks ahead of the general elections, State Bank of Pakistan (SBP) Governor Jameel Ahmed said Friday. Ahmed’s…
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‘Inflation stubborn at 29.2% in December 2023’ | The Express Tribune
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[ad_1] KARACHI: A domestic research house has projected Pakistan’s inflation reading to stubbornly remain at an elevated level of 29.2% in the outgoing month of December 2023, significantly higher than the Ministry of Finance’s forecast of 27.5-28.5% for the month. In a commentary titled ‘NCPI (national consumer price index) to remain high at 29.2% year-on-year…
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US trade deficit widens in Oct as exports fall amid inflation curbs — What’s next?
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[ad_1] A container ship enters the Port of Los Angeles in San Pedro, California, US on Feb, 1, 2021. — AFP/File The world’s largest economy’s total trade deficit increased by 5.1% to $64.3 billion in October, up from a revised $61.2 billion in September, according to the Commerce Department. The growing trade imbalance in October…
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‘Rs5,000 note behind skyrocketing inflation, corruption’
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[ad_1] A dealer counts banknotes of Rs5000 at a currency market in Pakistan. — AFP/File ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senator Mohsin Aziz demanded the caretaker federal government discontinue the Rs5,000 currency note to put an end to the menace of corruption and bring down skyrocketing inflation. The PTI lawmaker tabled the resolution in the Upper…
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US Fed keeps interest rates at 22-year high in attempt to curb inflation
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[ad_1] Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021.— AFP In an effort to curb persistent inflation without weakening the robust economy, the US Federal Reserve decided on Wednesday to keep interest rates at a 22-year high for the second consecutive meeting. The Fed’s decision to keep…
