Tag: Consumer Price Index
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Govt reduces petrol price by Rs8 to Rs259.34 per litre for next fortnight
In a significant move, the caretaker government announced a substantial reduction in the price of petrol by Rs8 per litre for the upcoming fortnight, effective January 16.
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Inflation may drop to 20-22% in the coming year: SBP report
In the Governor’s Annual Report 2022–23, released ahead of the upcoming national election, the Chief of the State Bank of Pakistan (SBP) conveyed that the country’s inflation is expected to decrease to approximately 20–22 per cent in fiscal year 2024.
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December inflation may surpass 30% due to gas price hike
In December, inflation is expected to surpass the 30 per cent threshold, driven by the recent increase in gas prices.
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Pakistan’s October inflation eases to 26.9%
In October, Pakistan witnessed a year-on-year headline inflation rate of 26.9 per cent, as reported by the Pakistan Bureau of Statistics (PBS) on Wednesday.
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SPI index surges to three-week high at 26.41%: Food and energy prices drive inflation
The Sensitive Price Indicator (SPI) index recorded a notable surge, reaching 26.41 per cent for the week ending on September 7, 2023, marking a three-week high. This increase was primarily propelled by the persistent rise in food and energy prices when compared to the same week in the previous year, putting added strain on households’…
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Consumer suffering intensifies: Pakistan’s weekly inflation skyrockets to 42.67%
Inflation in Pakistan continues to surge as the Sensitive Price Indicator (SPI) recorded a significant increase, jumping to 42.67 per cent on a year-on-year basis for the week ending on June 1, according to official data released by the Pakistan Bureau of Statistics (PBS). The weekly inflation showed a marginal increase of 0.03 per cent…
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Life-saving medicines in Pakistan to become 14% more expensive
The Drug Regulatory Authority of Pakistan (DRAP) has announced an increase of up to 14 per cent in the prices of life-saving medicines, following approval from the federal government.
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Inflation in Pakistan reaches nearly 50-year high, raising concerns for citizens
Pakistan’s inflation, as measured by the consumer price index (CPI), surged to a record-breaking 31.5 per cent in February, largely driven by steep price hikes in food, housing, and transportation groups. This concerning development was recently reported by the Pakistan Bureau of Statistics (PBS), and has heightened expectations of an increase in interest rates during…
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CPI inflation in Pakistan increases to 26.6% in October
In Pakistan, Consumer Price Index (CPI)-based inflation rose sharply in October, surging by 26.6 per cent year over year (YoY). On the other hand, it climbed 4.7 per cent month over month (MoM), indicating a decline of 1.2 per cent from September. “CPI inflation General, increased to 26.6 per cent on YoY basis in Oct…
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Inflation hike up to 11.5pc, highest in 20 months
An increase in consumer prices continued as inflation rises up to 11.5 per cent from 9.2 per cent in November, the highest increase in the past 20 months due to a record hike in fuel prices last month, reports Dawn. This has been revealed by Pakistan Bureau of Statistics (PBS) data. Inflation measured by the…