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Pakistan’s weekly inflation falls for sixth straight week

  • 2 min
Weekly inflation in Pakistan decreased by 0.34% for the combined consumption group, marking the sixth consecutive week of decline. Out of 51 items surveyed, 12 saw price increases, 18 experienced decreases, and 21 remained stable. Year-on-year inflation rose by 21.31%, with notable increases in gas charges, onions, and chilies powder, and decreases in bananas and wheat flour.
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Dollar Falls to Two-month Low on Fed View

  • 2 min
The US Dollar (USD) index fell to its lowest in more than two months on Monday, extending a slide from the prior week as investors held to the belief that the U.S. Federal Reserve has finished its interest rate hike cycle and assess when the central bank may start to cut rates.
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UK Inflation Falls Sharply, Relieving Pressure on PM Sunak

  • 1 min
UK inflation fell more than expected in October, easing a cost-of-living crisis and relieving pressure on Prime Minister Rishi Sunak. The Consumer Prices Index hit a two-year low at 4.6 percent, dipping under Sunak's five-percent target. CPI inflation slowed more than forecast and reached 6.7 percent in September. Sunak stated that official figures confirm they have halved inflation, but acknowledged that many people are still struggling.