inflation
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Fed and ECB reaffirm 2% inflation goal | The Express Tribune
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[ad_1] JACKSON HOLE: Any thoughts that the 2% inflation goal long sought by the US Federal Reserve and the European Central Bank (ECB) might possibly be in for a tweaking were dashed on Friday by the chiefs of the two…
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Fed’s Jerome Powell favours further monetary policy tightening to tame US inflation
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[ad_1] US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022.— AFP/File In a worrying development, the US Federal…
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Canada’s new minister determined to solve housing crunch by easing inflation
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[ad_1] Immigration Minister Sean Fraser rises in the House of Commons. The Canadian Press Canada’s pressing issue of affordable housing shortage could witness alleviation as inflation recedes and interest rates attain a more predictable trajectory, asserted the recently appointed Housing…
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Fuel price hike adds to inflation woes | The Express Tribune
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[ad_1] ISLAMABAD: The country is witnessing a concerning surge in inflation, as indicated by the Sensitive Price Indicator (SPI), which has recorded a 1.30% increase in weekly inflation and a staggering annual surge of 29.83%. This inflationary trend comes shortly…
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Inflation slows to 28.3% for second month in a row
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[ad_1] A woman checks the smell of rice at a market in Karachi on June 10, 2020. — AFP The headline inflation witnessed a decline for the second consecutive month in July, the Pakistan Bureau of Statistics (PBS) data revealed…
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Weekly inflation rises by 3.73% | The Express Tribune
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[ad_1] ISLAMABAD: Inflation in the last week surged by 3.73% brining the annual rate to a record high of 29.21%, according to the Pakistan Bureau of Statistics (PBS) on Thursday, highlighting the severity of the current economic situation in the…
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Wall St climbs on cooler inflation | The Express Tribune
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[ad_1] BOSTON: World stocks extended gains on Friday while the dollar held near 15-month lows after US inflation data this week unleashed a wave of investor optimism that the US Fed was nearing the end of its rate-hiking cycle. Data…
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Weekly inflation up by 0.03 percent | The Express Tribune
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[ad_1] ISLAMABAD: After two consecutive weeks of decline, inflation in Pakistan has begun to rise once more. During the recent week, there was a slight increase in the inflation rate, up by 0.03 percent, with an annual inflation rate recorded…
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Pakistan’s CPI inflation spikes to record high on runaway food prices
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[ad_1] An undated image of consumers buying fresh vegetables from a local market. — AFP/File The consumer price index (CPI) based inflation in Pakistan surged to a record 38% on a year-on-year (YoY) basis in May 2023, the highest since…
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Iranian oil gains popularity in Pakistan amid soaring inflation
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[ad_1] A vendor waits for customers to buy petrol from his roadside setup in Lahore on January 14, 2023. — APP/File Iranian oil, which is being sold at considerably cheaper rates, has been gaining popularity in Pakistan in recent months…
