Pakistan sees lowest inflation in almost two and a half years
Last month, the inflation rate sharply dropped to a nearly two-and-a-half-year low of 11.8% due to a decline in food prices and some adjustments in fuel rates. According to the Pakistan Bureau of Statistics (PBS) report on Monday, the Consumer Price Index (CPI)-measured headline inflation rate stood at 11.8% in
Ministry of Finance predicts inflation to drop to 13.5-14.5%
WEB DESK: Inflation is expected to hover between 13.5 to 14.5 per cent in May and to ease further to 12.5 to 13.5pc by June, according to a monthly economic update from the finance ministry on Wednesday. Furthermore, the country has been beset by inflation above 20pc since May 2022,
Weekly inflation rises 27pc
ISLAMABAD: The Pakistan Bureau of Statistics reported that short-term inflation, measured by the Sensitive Price Index (SPI), surged to nearly 27% year-on-year for the week ending April 25. This surge resulted from an unprecedented rise in gas prices and significant increases in essential food costs. Slight Weekly Reprieve The SPI
Weekly inflation rate dips by 0.34 pc
ISLAMABAD: The Weekly Sensitive Price Indicator (SPI) for the Combined Group decreased by 0.34% for the week ending May 23, 2024, according to the Pakistan Bureau of Statistics (PBS). Year-on-Year Increase Despite the weekly decline, the SPI shows a significant year-on-year increase of 21.31% compared to the same period last
Pakistan sees drop in weekly inflation; annual prices remain high
ISLAMABAD: The Weekly Sensitive Price Indicator (SPI) has declined for the fifth consecutive week. The SPI, a key measure of inflation for essential commodities, fell 1.06 per cent during the week ending May 16, 2024, compared to the previous week. However, despite this short-term relief, prices remain significantly higher on
Pakistan’s weekly inflation rate shows promising decline
Last week witnessed 1 % reduction in short-term inflation, with annualised inflation rate also declining to 24.37% following the decrease.
Pakistan’s headline inflation in April dips to 17.3 pc, lowest in nearly two years
Despite challenges, committee expressed confidence in downward trajectory of inflation, aiming to reach target range of 5–7 % by Sep 2025.
UN anticipates 2 pc GDP growth, 26 pc inflation for Pakistan in current FY
The UN report suggests a slight uptick in GDP growth to 2.3 % in coming FY, while projecting inflation to decrease to around 12.2 %.
Pakistan’s inflation sees significant drop
The Pakistan Bureau of Statistics (PBS) released data showing a notable decrease in headline inflation, dropping to 20.7 percent year-on-year in March. Comparison and Milestone March’s figure is an improvement from February’s 23.1 percent, marking the lowest inflation rate since May 2022 and the first time in over three years
Sugar prices drop at utility stores across Paksitan
The Utility Stores Corporation on Thursday reduced the price of sugar by Rs 13 per kilogramme, bringing the new price to Rs 140 per kilogramme.
