Tag: price hikes
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Car sales increase in Pakistan despite high prices, economic challenges
In a surprising turn of events, the soaring prices of cars in Pakistan have not deterred buyers, as car sales experienced a notable uptick in February 2024.
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Pakistan’s inflation eases slightly to 28.3% in January 2024
The Pakistan Bureau of Statistics (PBS) reported that the country’s headline inflation for January stood at 28.3 per cent on a year-on-year basis, marking a slight decrease from the December figure of 29.7 per cent. The month-on-month reading recorded a 1.8 per cent increase.
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Pakistan’s weekly inflation soars beyond 44%
In the latest economic developments, Pakistan has witnessed a surge in weekly inflation for the third consecutive week, marked by a notable increase in the Sensitive Price Indicator (SPI) for the Combined Group.
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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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Petrol and diesel prices expected to surpass Rs300 per litre this week
As global oil rates surge and the rupee’s value against the US dollar weakens, there are growing indications that petrol and diesel prices in Pakistan could soon breach the significant Rs300 mark. The Oil and Gas Regulatory Authority (Ogra) is reportedly contemplating recommending a substantial increase in petroleum product prices for the upcoming fortnight, in…
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Weekly inflation increases to 27.5%, impacting household expenses
According to official data from the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) shows that inflation for the week ending on August 17 increased by 27.57 percent compared to the same period last year. In simpler terms, things are getting more expensive.
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Car sales in Pakistan witness 57% decline in July 2023 compared to last year
In the midst of ongoing economic uncertainty, the automobile sector has encountered a substantial decline in car sales, marking another significant setback.
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Car sales in Pakistan drop by 65% due to low purchasing power, supply chain disruptions
According to data from the Pakistan Automotive Manufacturers Association (PAMA), passenger car sales in Pakistan experienced a significant decline of 65 per cent in January 2023 compared to the same period the previous year. This was attributed to a shortage of raw materials, low purchasing power, and price surges. With the exception of Suzuki’s Swift,…