inflation
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Inflation to dog world economy next year | The Express Tribune
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[ad_1] BENGALURU: High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the…
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Weekly inflation surges 29.6% | The Express Tribune
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[ad_1] KARACHI: The weekly inflation, measured by the Sensitive Price Indicator (SPI), surged 29.65% in the week ended October 26, 2023 compared to the corresponding week of last year, driven primarily by higher prices of energy and food items. Pakistan Bureau of Statistics (PBS) reported that the largest contribution to the weekly inflation came from…
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US consumer spending rises in tandem with monthly core inflation
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[ad_1] An American shopping for groceries in a US supermarket. — AFP/File US consumer spending grew more than anticipated in September as households upped their vacation and auto purchases, continuing the trend of higher spending growth as we move into what economists predict will be a difficult fourth quarter. According to the report released by…
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Weekly inflation eases 1.7% over oil price fall | The Express Tribune
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[ad_1] ISLAMABAD: Owing to the reduction in prices of petroleum products in line with global trend and the fall in dollar rate in the wake of a crackdown on currency smugglers and hoarders, the inflation rate has come down in Pakistan, which will provide some relief to people in the current challenging times. During the…
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Israel-Hamas hostilities drag down US stocks amid rising inflation fears
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[ad_1] Palestinian militants fire rockets toward Israel from Rafah, southern Gaza Strip, on Oct. 11, 2023. — AFP Wall Street stocks mainly fell on Friday, capping a turbulent week in which investors evaluated bank earnings, worried about inflation, and appraised Israel-Hamas hostilities. The Dow Jones Industrial Average edged up 0.1% to 33,670.29, while the broad-based…
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Pakistan inflation spikes to 31.4% amid high fuel, enery prices
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[ad_1] A person counts Rs100 notes in this undated image. — AFP/File Inflation rose to 31.4% year-on-year in September from 27.4% in August, data from the Pakistan Bureau of Statistics (PBS) showed Monday, as the nation faces high fuel and power rates. The South Asian nation faces an uphill task when it comes to economic…
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Bank of England holds rate after 14 straight hikes as inflation hits brakes
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[ad_1] A pedestrian walks past the Bank of England in London. —AFP/File The Bank of England (BoE) Thursday kept its primary policy interest rate unchanged, ending a streak of 14 consecutive rate hikes, a decision that follows an unexpected slowdown in UK inflation and coincides with the US Federal Reserve’s decision to also put its…
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Pakistan to face highest inflation | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s economy stands out as an outlier in Asia, according to a new report that predicts the country will have the highest inflation rate but the fourth lowest economic growth rate among all 46 economies in the region. The Asia Development Outlook, the flagship publication of the Asian Development Bank (ADB), has slightly…
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France to allow sale of fuel below cost to combat inflation
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[ad_1] Drivers line up as they wait at a Carrefour fuel station in Lattes, near Montpellier, southern France on October 10, 2022. — AFP France’s Finance and Economy Minister Bruno Le Maire announced on Monday that the country would lift a ban on below-cost sales in an effort to lower fuel prices and relieve consumer…
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SPI inflation rises by 24.39% | The Express Tribune
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[ad_1] KARACHI: In a concerning development, the Sensitive Price Indicator (SPI), which tracks 51 essential commodities, recorded a 24.39% increase in weekly inflation, ending on August 8, 2023, compared to the same period last year. This surge in prices is taking a toll on households, squeezing their disposable income and limiting their purchasing power. During…
