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
As inflation hit a 40-year high in Japan, families with children in the country are finding it hard to tackle the impact of inflation on consumer prices which skyrocketed to its highest level in December, NHK World reported.
In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target. In October, it was reportedly 7.7 per cent.
Indian stock markets opened near the flatline on Friday - the last trading session of the week. At the time of writing this report, Sensex and Nifty were largely steady.
European Central Bank President Christine Lagarde said inflation is too high and reiterated the central bank's determination to bring it back to 2 per cent.
The subdued market sentiment is due to the possibility of slowing global economic growth this year and the latest pulling out of funds by foreign portfolio investors (FPIs) from Indian stocks.
People from all walks of life in nearly all parts of the occupied regions blocked highways and burnt tyres to express their resentment against the government.
Banks are refusing to issue new letters of credit for importers due to a shortage of dollars. This has hit the economy which is already suffering due to soaring inflation in the country.