15 Posts

inflation

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Inflation rate to drop further in Pakistan

  • 2 min
The Ministry of Finance's monthly economic report forecasts a further decrease in Pakistan's inflation rate, which is anticipated to range between 13.5% and 14.5% in May. The report highlights ongoing negotiations with the IMF for a new loan program, emphasizing its importance for stable policies and increased investment. Additionally, the report notes a 6.25% increase in agricultural production and emphasizes the importance of consistent policies for economic stability. Weekly inflation, as measured by the Sensitive Price Indicator, has seen a sixth consecutive decrease, with price fluctuations observed across various items.
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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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Pakistan’s inflation drops to lowest level in 2 years

  • 2 min
Pakistan's headline inflation hit a two-year low at 17.3% in April, according to the Pakistan Bureau of Statistics. The Finance Division projects a further decrease to 17.5-18.5% in May 2024. Urban and rural inflation declined compared to the previous year and month. The government aims to actively reduce inflation through administrative measures.
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Pakistan’s monthly inflation drops to 20.68% in March 2024

  • 2 min
Pakistan's monthly inflation fell to 20.68% in March 2024, a decline from February's 23.06%. The figure is the lowest since May 2022, signaling a potential reduction in the key interest rate. The finance ministry projects further easing in April 2024, despite factors such as petrol price revisions and increased consumer demand during Ramadan.
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Pakistan’s weekly inflation dips by 0.28 per cent

  • 3 min
Pakistan's weekly inflation, as measured by the Sensitive Price Indicator (SPI), decreased by 0.28%. This decrease was observed in the combined consumption groups. The SPI, with a base year of 2015-16 = 100, covers essential items in 17 urban centres. Prices of several items both increased and decreased during the week.
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Nawaz Sharif promises to eliminate inflation if voted into power

  • 2 min
Former Pakistani Prime Minister Nawaz Sharif promises to end inflation if voted into power after the February 8 general elections. Speaking at a rally in Burewala, he pledged to provide gas to all and control rising prices of essential items. Sharif also announced plans to upgrade Burewala's status and improve infrastructure. PML-N's election manifesto is set to be unveiled soon.
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Gold firms as Middle East jitters outweigh US inflation data

  • 2 min
Gold prices rose as Middle East tensions overshadowed strong US inflation data. Spot gold was up 0.5% at $2,038.19 per ounce, with US gold futures up 1.2% at $2,042.90. The ongoing conflict in the Middle East and expectations of a US economic slowdown are supporting gold's price. Other precious metals also saw gains.
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Pakistan’s Weekly Inflation Stays Above 41%

  • 1 min
ISLAMABAD: Pakistan's weekly inflation, as measured by the Sensitive Price Indicator (SPI), remained above 41 percent, in the week ending on November 23, the Pakistan Bureau of Statistics (PBS) data showed Friday.
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Pakistan’s Weekly Inflation Hits 41.9%

  • 2 min
ISLAMABAD: Pakistan's weekly inflation remained elevated, marking a 41.90 percent year-on-year increase in the week ending on November 16, mainly due to the rising cost of gas, the Pakistan Bureau of Statistics (PBS) reported on Friday.
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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.