Search For "inflation"
World Bank cuts global growth estimate for 2023 over recession risks
Updated : 3 years, 2 months ago IST
According to the World Bank's latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine.
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World Bank says fragile economic conditions might usher in recession
Updated : 3 years, 2 months ago IST
Given fragile economic conditions, any new adverse development such as higher-than-expected inflation, an abrupt rise in key interest rates to contain it, a resurgence of the Covid-19 cases, or escalating geopolitical tensions could push the global economy into recession.
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Markets make losses amid volatility, Sensex loses 631 points
Updated : 3 years, 2 months ago IST
BSE Sensex dropped 631 points and settled at 60,115.48 whereas Nifty 50 went down 211 points to 17,914.15 on Tuesday.
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Pak: People hold demonstrations against inflation across Khyber Pakhtunkhw
Updated : 3 years, 2 months ago IST
People on Sunday protested over rising flour and other vital commodity prices in a number of Khyber Pakhtunkhwa cities and demanded that the government take immediate action to regulate prices and guarantee the supply of daily-use food products in the province, Dawn reported.
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Former Pak minister warns inflation will rise by 40 per cent if govt accep
Updated : 3 years, 2 months ago IST
Criticising the PML-N-led coalition government, Azhar said that the economy has been brought on the verge of collapse during the past nine months.
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Pakistan: As flour price shoots up, it's harder for the poor to buy it
Updated : 3 years, 2 months ago IST
Following a record increase in price, it is now harder for low-income groups to buy a bag of flour in Pakistan and people are looking to the government for help, according to The News International newspaper.
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Pak reels as prices of essential food items head north: Report
Updated : 3 years, 2 months ago IST
Factors such as higher import and transportation costs, crop availability, demand and supply gap, hoarding, exchange rate issues, and the ongoing economic crisis have resulted in uncontrolled inflation in Pakistan, even on essential food items, the Dawn reported, adding that the condition wa
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Inflation "far too high" despite recent encouraging signs: US Fed Governor
Updated : 3 years, 2 months ago IST
US Federal Reserve Governor Lisa D. Cook has said inflation in the US remains "far too high" despite some encouraging signs lately, and the top central bank official termed it as a concern.
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Pakistan: Weekly inflation witnesses 30 percent rise compared to last year
Updated : 3 years, 2 months ago IST
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.
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Flour rate rises to Rs 150 per kg in Pakistan's Rawalpindi
Updated : 3 years, 2 months ago IST
A 15 kg bag of wheat is being sold for Rs2,250 in the city, a part of Pakistan's Punjab province.
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Inflation in most Asian economies to be in comfort zone by mid-2023: Morga
Updated : 3 years, 2 months ago IST
The multinational investment firm said the possible return of inflation to the "comfort zone" will lead to the pausing of monetary policy tightening by central banks.
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Surge in flour, meat prices push weekly inflation up to 1.09 pc in Pakista
Updated : 3 years, 2 months ago IST
A surge in the prices of meat especially Chicken, rice and wheat flour pushed weekly inflation up 1.09 per cent in Pakistan, Geo TV reported.
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