Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2024, driven primarily by higher food and beverage prices.
The uncontrollable inflation in Pakistan is now severely affecting the daily lives of people, and essential food items, including vegetables and pulses, have become inaccessible to middle-class people.
The government has included 16 additional commodities under price monitoring from August 1, 2024, announced the Union Minister of Consumer Affairs, Food, and Public Distribution, Pralhad Joshi, while launching Version 4.0 of the Price Monitoring System (PMS) Mobile App in the national capita
U.S. Federal Reserve Chair Jerome Powell hinted a possible interest rate cut in September if economic conditions align with expectations. The fed made these remarks during the latest Federal Reserve meeting which decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per ce
The Federal Reserve, in its latest meeting, decided to keep the federal funds rate unchanged at 5.25 per cent to 5.5 per cent for the eighth time. In its statement, the Fed observed that job gains in the U.S. economy have moderated, while the unemployment rate has increased slightly but rema
Launching a scathing attack on former Finance Minister P Chidambaram, Commerce and Industry Minister Piyush Goyal on Tuesday highlighted the worsening condition of the economy under the UPA-led government.
Digitalization is influencing price levels through direct and indirect channels. Under the direct channel, digitalization is feeding into lower inflation rates through a decline in the prices of ICT-related goods. This has been observed in the post-pandemic period across both hardware and so
Mumbai (Maharashtra) [India], July 29: Fixed Deposits (FDs) stand out as a traditional yet reliable choice for many individuals seeking stable returns. FDs offer a secure avenue to grow their savings, particularly for those with a conservative risk appetite. One of the key aspects to conside
Pakistan Tehreek-e-Insaf (PTI) announced that it will carry out nationwide protests on August 5, as the party founder and former Prime Minister, Imran Khan will complete one year in jail.