According to PBS data, the CPI-based inflation during the same month of last year (November 2023) was recorded at 29.2%. On a month-on-month basis, it increased by 0.5% in November 2024 as compared to an increase of 1.2% in the previous month and an increase of 2.7% in November 2023. “Pakistan Inflation as measured by […]
An unprecedented financial crash in 2022 brought months of consumer goods shortages, with inflation peaking at nearly 70 percent that year. Since then, a $2.9 billion bailout loan from the International Monetary Fund (IMF), tax hikes, and austerity measures have slowly made headway in repairing the island’s economy. “Headline inflation will remain negative in the […]
The inflation witnessed a decrease of 0.03 percent for the combined consumption groups during the week under review as compared to the last week as it was recorded at 324.00 points as compared to 324.11 points respectively. The weekly SPI with the base year 2015-16 =100 covers 17 urban centers and 51 essential items for […]
The rouble’s fall caught off guard economists who expected the Russian currency to hit the 100 mark against the dollar in one year, according to the Reuters poll in early November. It hit a 32-month low last week. By 0800 GMT, the Russian rouble was down 0.86 percent at 106.4 against the dollar, according to […]
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 324.11 points as compared to 321.94 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
The decision was taken in a Monetary Policy Committee (MPC) meeting of the central bank chaired by SBP Governor Jameel Ahmad. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee noted that inflation has declined […]
The decision comes after the country’s inflation rate dropped to a single digit, with the core inflation measured by the Consumer Price Index (CPI) reaching a 34-month low of 9.6% in August 2024. The price reduction, effective immediately, affects over 800 items, with decreases ranging from Rs8 to Rs200. The new prices apply to various […]
Despite a seasonal spike in perishable food prices, inflation in March dropped to an almost two-year low of 20.7%, exceeding government projections and casting doubt on the central bank’s decision to keep interest rates at historically high levels. According to a Monday report from the Pakistan Bureau of Statistics (PBS), the rate of rise in […]
The Ministry of Finance has projected that, starting this month, inflation will gradually reduce, mostly as a result of a decline in the cost of perishable goods. The ministry stated in its Monthly Economic Update and Outlook for February that inflation is expected to remain in the range of 24.5-25.5 percent in February and then […]
Pakistan’s inflation rate experienced a decline for the first time in three months, registering at 28.34 percent year on year in January 2024, down from the previous month’s 29.66 percent, according to the Pakistan Bureau of Statistics (PBS). However, on month on month basis, it marked an increase of 1.8 percent over the previous month. […]
