Weekly inflation, measured by Sensitive Price Index (SPI), has seen an rise of 31.83 per cent for the combined income group on a year-on-year basis, ending January 19, due to a massive increase in prices of food and non-food items, the Dawn reported citing data released by the Pakistan Burea
Tens of thousands spend hours daily to get the subsidized bags of flour that are already short in supply in the market. Chaotic scenes are often witnessed as people gather around vehicles pushing each other as the mini-trucks and vans escorted by armed guards go about distributing the flour.
The Pakistan Bureau of Statistics (PBS) in its weekly report on the movement in prices of 51 essential items, collected from 50 markets in 17 major cities around the country said that the year-on-year (YOY) shows a rise of 30.60 percent.
The critical situation of the currency crisis in Sri Lanka has resulted in political, economic and social turmoil. Further, this currency collapse has resulted in a rise in food prices by 100 per cent in two years. Amid all this, President Ranil Wickremesinghe has sought support, The Island
According to the report, to understand how India has performed in terms of cost of living, in a common currency, the cost of living in India was compared with US, UK and Germany by adjusting each country's exchange rate (dollar, euro and pound in case).
This comes days after reports emerged that the Biden administration is "privately" encouraging Kyiv to demonstrate a readiness to negotiate with Russia, The Washington Post reported, citing people familiar with the discussions.
Peace talks began at the end of February this year after the start of the war in Ukraine. The last round of the negotiations concluded in Istanbul on March 29. The talks have since stalled despite mediation efforts by United Nations.
Kyiv [Ukraine], October 19 (ANI): Since the beginning of the Ukraine conflict, food prices have been increasing globally as Russia and Ukraine are both key exporters of cereals, however, the expansion of the International North-South Transport Corridor (INSTC) has proved to be a bright spot
Dalian [China], September 21 (ANI): China's flagship Belt and Road Initiative (BRI) has hit a snag, with many loans to emerging economies falling into repayment troubles, forcing Beijing to scale back on lending.
New Delhi [India], September 16 (ANI/SRV): The COVID-19 outbreak, inflation, the conflict in Ukraine, rising energy and food prices, and the catastrophic repercussions of climate change are the most obvious signs that the world is about to enter a prolonged era of instability. New age organi