Islamabad [Pakistan], August 25 (ANI): Pakistan's economy is slowing to around 3.5 per cent due to weakening economic conditions and the average inflation rate peaking to nearly 20 per cent by the end of the current fiscal year, according to the International Monetary Fund (IMF).
New Delhi [India], August 8 (ANI/NewsVoir): Coming on the heels of a 50 BPS increase in the last MPC meeting, the hike in repo rate of 50 BPS by RBI last week raises the lending rate to 5.4 per cent and brings it at par with pre-pandemic levels. Even though it appears marginal, it has evoked
Islamabad [Pakistan], August 3 (ANI): The price of life-saving drugs in Pakistan might witness an increase of 7 per cent and the price of other medicines may also hike by up to 10 per cent as per the Drug Pricing Policy of 2018 amid the rising inflation rate in the country.
Islamabad [Pakistan], August 1 (ANI): Pakistan Bureau of Statistics (PBS) on Monday reported that the inflation rate in the country has spiked to a 14-year high of 24.9 per cent in the month of July, media reported.
Dhaka [Bangladesh], July 19 (ANI): Bangladesh's inflation rate in June soared to 7.56 per cent, marking the highest in eight years, according to a report by the Bangladesh Bureau of Statistics (BBS) published on Tuesday.
New Delhi [India], July 14 (ANI): There is only 20-30 per cent likelihood of a global recession and chances of prolonged stagflation in the economy seem more, according to State Bank of India research report Ecowrap's latest edition, which has projected that India's inflation rate is expecte
Nicosia [Cyprus], July 7 (ANI/Xinhua): The annual inflation rate in Cyprus stood at 9.6 per cent in June, the highest level in nearly 41 years, the Statistical Service (Cystat) of the Ministry of Finance said here on Thursday.
Colombo [Sri Lanka], July 5 (ANI): Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said that the island country aimed to reduce the inflation rate to between 4 and 6 per cent by 2025.
New Delhi [India], July 4 (ANI): Countries across the world have been grappling with unprecedented levels of inflation. In the US, the inflation rate has increased by an unparalleled amount of 8.6 per cent in May 2022, reaching a forty-year high.
Islamabad [Pakistan], June 19 (ANI): Due to the increase in the petroleum prices, the inflation rate measured by the Sensitive Price Index (SPI) in Pakistan increased by 3.38 per cent in comparison to the previous week.
Athens [Greece], June 9 (ANI/Xinhua): Greece's annual inflation rate jumped to 11.3 per cent in May this year, reaching a 29-year record for the country.