Finance Division projects October inflation in Pakistan at 6-7 per cent
The Finance Division on Wednesday forecast that inflation in Pakistan is expected to be between 6-7 per cent in October and further moderate to 5.5-6.5 per cent by November. The ministry said in its monthly economic update and outlook report that economic recovery is expected in the coming months. Inflation
Weekly inflation rate drops by 0.2 per cent
The Sensitive Price Indicator (SPI) showed a further decline in weekly inflation, dropping by 0.22 per cent for the week ending October 24, 2024, while inflation stood at 15.15 per cent compared to the same week last year. According to the latest Pakistan Bureau of Statistics data, notable price reductions
Flour, cooking oil price rise despite govt inflation claims
Price of essential food items such as flour, cooking oil, and ghee have increased despite the government claiming that inflation is on a downward trend. The price of 5kg flour bag went up by Rs50, leaving consumers with no choice but to buy a 5kg flour bag for Rs630-650 compared
Weekly inflation hits seven-week high
The Sensitive Price Indicator (SPI), which measures weekly inflation, reached a seven-week peak of 15.02% year-on-year, driven mainly by rising food prices, according to figures released by the Pakistan Bureau of Statistics (PBS) on Friday. On a week-to-week basis, inflation rose by 0.28% for the week ending October 17, 2024,
Here’s why falling inflation rates don’t lead to a drop in prices
Economic terms like “disinflation” and “deflation” often confuse the public, and can oversimplify statistics to present an exaggerated success. Following the announcement of a 44-month low inflation rate in September, some in the government rejoiced, declaring victory over soaring prices. However, the reality is more nuanced. The monthly inflation rate
Weekly inflation sees modest decline
According to Pakistan Bureau of Statistics data the Sensitive Price Index (SPI)-based inflation for the week ending on October 10, 2024, registered a slight decrease of 0.08 per cent. This marginal decline reflects a mixed trend in the prices of essential commodities. Out of the 51 monitored items, the prices
CPI inflation falls to 6.9 per cent in September
Pakistan’s Consumer Price Index (CPI) registered a 6.9 per cent year-on-year (YoY) increase in September, according to data released by the Pakistan Bureau of Statistics (PBS). This is within the State Bank of Pakistan’s (SBP) target range of 5-7 per cent, a goal the central bank aimed to achieve by
Pakistan’s weekly inflation surges to 12.8 per cent
According to the Pakistan Bureau of Statistics, short-term inflation in Pakistan, the Sensitive Price Index (SPI), increased to 12.80 per cent year-on-year for the week ending September 26. Following a brief dip, this marks a slight rise of 0.05 per cent this week. The uptick in weekly inflation is primarily
Weekly inflation hits 3-year low at 12.7 per cent
The Sensitive Price Index (SPI)-based inflation for the week ending on September 19, 2024, witnessed a year-on-year increase of 12.72 per cent, as reported by the Pakistan Bureau of Statistics (PBS). This marks the lowest annual inflation rate since October 2021, according to data from Arif Habib Limited (AHL). Key
Weekly inflation rises as prices of tomatoes and chicken surge
The Pakistan Bureau of Statistics has released its weekly inflation data, showing a 0.01 per cent increase in inflation this week, raising the overall inflation rate to 14.36 per cent. According to the report, in the past week, prices of 15 items increased, 14 items decreased, and 22 items remained
