As Ramadan approaches, frustration is mounting across Karachi's markets, where residents say unchecked inflation and weak governance have turned the month of Ramadan into a financial ordeal.
Flour rates in Quetta continue to defy expectations of a slowdown, piling fresh misery onto households already buckling under record inflation. Surveys show that the commodity, central to nearly every meal, is steadily drifting further from the grasp of ordinary buyers. Traders in different
India's wholesale price inflation rose to 1.81 per cent in January, according to provisional data released by the Ministry of Commerce and Industry, reflecting an increase in wholesale prices.
Fuel for vehicles in Pakistan will now be costlier as the Pakistani government has increased the prices of petrol and high-speed diesel by PKR 5 and PKR 7.32 per litre, respectively, for the next fortnight, The Express Tribune reported.
"In today's meeting in Parliament with the delegation from farmers' unions, their concerns were clearly evident. Farmers struggling with inflation, rising costs, and uncertainty over MSP are now being left unprepared to face foreign crops backed by massive subsidies and mechanical might,"
he Indian stock market on Friday closed in the red as the benchmark indices Sensex and Nifty declined over 1 per cent. The indices were dragged by heavy selling in information technology (IT) shares.
The consumer price index (CPI) is expected to remain below the 4 per cent target level even under the new series due to a fine balancing of weights, according to a report by Bank of Baroda.
Consumer Price Index (CPI) new method market additions for the calculation of the inflation data skewed towards few states as UP, Maharashtra accounts for 43 per cent of new markets, highlighted a report by SBI.
The revision in the Consumer Price Index (CPI) base year has had a limited impact on monetary policy interpretation, and the Reserve Bank of India (RBI) is expected to maintain status quo on interest rates in the coming quarters, according to a report by Union Bank of India.
Chief Economic Advisor Anantha Nageswaran on Thursday said that the Consumer Price Index, based on the revised base year, will improve the quality of monetary and fiscal policy decisions.
India has revised the base year of the Consumer Price Index (CPI) to 2024 from 2012 to reflect changes in consumption patterns, improved data sources and updated methodologies, Secretary, Ministry of Statistics and Programme Implementation (MOSPI), Saurabh Garg, said today.
Under the new arrangement, the base year has been revised from 2012 to 2024 using Household Consumption Expenditure Survey 2023-24. Further, now there are 12 Divisions in place of 6 Groups in accordance to Classification of Individual Consumption According to Purpose (COICOP) 2018. The year-