inflation
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Pakistan inflation soars past Sri Lanka’s amid weakening rupee | The Express Tribune
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[ad_1] Pakistan’s inflation rate has outpaced Sri Lanka’s, becoming the fastest in Asia, as the rupee’s 20% drop against the dollar this year and rising food and energy costs drive up consumer prices. According to a report published in Bloomberg on Tuesday, consumer prices surged 36.4% in April compared to the previous year, the highest…
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Soaring inflation dampens Eid holiday spirit | The Express Tribune
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[ad_1] The holiday that marks the end of the Muslim fasting month of Ramazan used to be a guaranteed earner for Pakistan’s small shops and businesses — a big-spending week that could match the take from the rest of the year. This year, however, many worry they will not even make enough to pay their…
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Inflation ebbs despite surge in prices of 26 commodities | The Express Tribune
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[ad_1] ISLAMABAD: Inflation fell, albeit slightly, despite increase in the prices of 26 essential commodities during the week ending on Thursday, according to the data released by the Pakistan Bureau of Statistics (PBS) on Friday. The PBS weekly report said that inflation decreased by 0.6% on a weekly basis; however, it stood at 44.61% on…
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Inflation to begin decelerating over next few months: SBP | The Express Tribune
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[ad_1] State Bank of Pakistan (SBP) said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF programme, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement. Pakistan has less than a month’s…
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IMF cuts Pakistan’s growth forecast, sees hike in inflation | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has reduced the economic growth forecast of Pakistan to 0.5% as well as steeply increased inflation projections far above 20% for two years — underscoring that the people’s hardships would not end soon and interest rates might remain at their highest levels. The IMF’s World Economic Outlook report…
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Weekly inflation up by 0.92% | The Express Tribune
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[ad_1] ISLAMABAD: After a temporary respite, the prices of essential items started increasing again in the week that ended on April 6 — with the inflation rate recording an increase of 44.49% on a yearly basis, the Pakistan Bureau of Statistics (PBS) on Friday reported. The short-term inflation, measured by the Sensitive Price Indicator (SPI),…
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Skyrocketing inflation leaves millions of Pakistanis struggling | The Express Tribune
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[ad_1] KARACHI: As Pakistan grapples with one of the worst economic crises, millions of the countrymen struggle to celebrate the holy month of Ramazan amid skyrocketing inflation. Decades-high inflation and a massive devaluation of the local currency have drastically reduced the already dwindling buying power of millions of Pakistanis, making it next to impossible for…
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Pakistan inflation shatters all records, tops 35% for the first time
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[ad_1] Vendors are selling vegetables at a market in Lahore on March 26, 2023. — Online Pakistan’s annual inflation rate tore past 35% in March, the country’s statistics agency said on Saturday, the first time since the available data i.e. July 1965. Data released by the Pakistan Bureau of Statistics (PBS) suggested that the country…
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Oil ticks up as US inflation cools | The Express Tribune
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[ad_1] BENGALURU: Oil prices nudged higher on Friday with US inflation data showing some signs of slowing price rises, but for the month, oil was on course for its weakest performance since November. Brent futures, which have risen nearly 6% this week, were up 26 cents, or 0.3%, at $79.53 a barrel by 1456 GMT.…
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Yearly inflation hits another peak at 46.65% | The Express Tribune
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[ad_1] ISLAMABAD: The yearly short-term inflation rose by 46.65% – highest ever in the country’s history – measured on the basis of the Sensitive Price Index (SPI) during the week that ended on March 22, the Pakistan Bureau of Statistics (PBS) on Friday reported. The highest-ever increase was recorded on account of the rising food…
