The Sensitive Price Indicator (SPI) for the week ending September 12, 2024, recorded a slight increase of 0.01% compared to the previous week, primarily driven by rising prices of essential commodities such as tomatoes, electricity charges, and chicken. The SPI, a key measure of short-term inflation, tracks the weekly price movements of 51 essential items … Read more
NEW DELHI: India’s August retail inflation remained below the central bank’s target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting. Annual retail inflation was at 3.65% in August, higher than the revised 3.60% in July and economists’ forecast of 3.5%. India’s … Read more
1726140338-0/Untitled-design-(42)1726140338-0.jpg "State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation D_Trends")
The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to falling … Read more
ISLAMABAD: The National Bureau of Statistics (NAB) claims that inflation has dropped from 33% to 9% over the past nine months has been widely disputed by the public. Surveys conducted across various markets reveal that citizens feel the cost of living remains high, with essential goods becoming increasingly expensive. Despite official reports, everyday items like … Read more
A representational image of US dollar bills. — Reuters/File NEW YORK: The dollar slid against some major currencies on Tuesday, consolidating Monday’s gains ahead of key inflation data and a highly anticipated US presidential debate, even though neither outcome is likely to affect overall monetary policy. Safe-haven currencies such as the yen and Swiss franc … Read more
Gold prices held firm above the $2,500 level on Tuesday as market participants positioned themselves ahead of U.S. inflation data for further clues on the depth of interest rate cuts by the Federal Reserve next week. Spot gold rose 0.2% to $2,509.22 per ounce by 11:04 a.m. ET (1504 GMT). U.S. gold futures were up … Read more
KARACHI: Pakistan’s weekly inflation reading, called the Sensitive Price Indicator (SPI), hit a three-year low as it decelerated to 14.07% in the week ended September 5, 2024 compared to the same period of last year. On a week-on-week basis, the short-term inflation rate decreased 0.15% on the back of a reduction in energy and food … Read more
ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ending September 5, 2024, recorded a 0.15% decrease, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday. This marks the fourth consecutive weekly decline in the SPI, bringing it down to the lowest level in three years. The PBS report highlighted significant … Read more
KARACHI: Pakistan Stock Exchange (PSX) recorded a slim increase of 73 points on Tuesday, reversing the previous day’s downtrend, in the backdrop of an encouraging Consumer Price Index (CPI) inflation reading of 9.6% for August. In the morning, the KSE-100 index got off to a positive start and reached its intra-day high of 78,644.96 points … Read more
ISLAMABAD: Pakistan’s annual inflation rate has decreased to 9.6% in August, the lowest level in nearly three years, due to a higher base effect and reduced prices for non-perishable food items. However, there has been a notable double-digit acceleration in the prices of other essential goods. The Pakistan Bureau of Statistics reported on Monday that … Read more