Canada sees annual inflation rate hike of 2.9 pct in May due to higher services prices, groceries
Jun 27, 2024, at 04:39 am
Ottawa/IBNS: Owing to higher prices of groceries, services including tours and air travel, Canada’s annual inflation rate rose to 2.9 percent in May, Statistics Canada reported on Tuesday.
People's buying capacity has collapsed in PoK: Amjad Ayub Mirza
Apr 13, 2024, at 11:44 pm
Pakistan-occupied Kashmir (PoK) activist Amjad Ayub Mirza stressed the situation in the region has worsened and even people's buying capacity has collapsed.
Pakistan's weekly inflation spikes by 1.35 pct
Mar 15, 2024, at 11:40 pm
Pakistan continues to face the brunt of rising prices with the Sensitive Price Indicator (SPI) recording a notable 1.35 per cent increase in the inflation rate as part of its weekly inflation report, media reports said.
Egg prices touch 400 PKR per dozen in Lahore as Pakistan's struggle to contain inflation continues
Jan 15, 2024, at 05:01 am
Prices of daily commodities are burning the pockets of consumers in inflation-hit Pakistan where they are now paying 400 Pakistani Rupees (PKR) to buy a dozen eggs in Lahore city.
UK's inflation rate drops to 3.9 pct, lowest in more than 2 years
Dec 20, 2023, at 11:10 pm
The British government's inflation rate has dropped sharply to touch the lowest level figure of 3.9 percent, as per official data released on Wednesday (December 20, 2023).
Pakistan's weekly inflation hits six-month high
Dec 11, 2023, at 04:57 am
Pakistan's weekly inflation rate spiked to the highest level in six months in the week ended on December 7, media reports said.
Pakistan: Inflation remains over 40 percent for second week in a row
Nov 26, 2023, at 10:43 pm
Pakistan's annual short-term inflation remained above 40 percent for the second week in a row, media reports said.
Gas prices spike in Pakistan as caretaker govt approves massive increase
Nov 02, 2023, at 05:04 am
Pakistan's caretaker cabinet has approved a massive increase of up to 3,900 per cent in the fixed monthly charges, and 194 per cent in the consumer rates for natural gas, leading to a rise in inflation, media reports said.
Pakistan: Jamaat-e-Islami to observe sit-in in Lahore from today to protest against rising inflation
Sep 21, 2023, at 06:39 pm
Pakistan's Jamaat-e-Islami (JI) has announced it will observe a three-day sit-in demonstration in Pakistan's Lahore city to protest against rising inflation.
Sep 08, 2023, at 03:15 am
Pakistan-occupied Kashmir's (PoK) Muzaffarabad city recently witnessed massive anti-government protests against inflation and corruption by politicians in the country.
Pakistan: Traders observe shutter-down strike against inflated power bills, inflation in Karachi
Sep 04, 2023, at 11:29 pm
Pakistani traders recently observed a complete shutdown in Karachi city of the country to protest against inflation and rising power bills.
Pakistan traders observe shutter-down strike over rise in electricity bills, inflation
Sep 02, 2023, at 08:41 pm
People in various parts of Pakistan are observing a shutter-down strike on Saturday to protest against the rise in electricity bills and inflation.
Pakistan continues to witness protests as government fails to give relief over inflated power bills
Aug 30, 2023, at 08:14 pm
Pakistan is witnessing massive protests over inflated power bills with the caretaker government even failing to give relief to people.
Aug 14, 2023, at 05:05 am
A Center for Economic Research and Reforms expert believes that Uzbekistan’s economy in the first half of the year maintained high growth dynamics and remained resistant to changes even in the unstable external situation.
Sri Lanka's inflation rate eases to single digit in July
Aug 03, 2023, at 12:13 am
Sri Lanka, the nation which fought a tough economic crisis in recent times, registered a fall in inflation rate as it reached the single-digit mark in July.
Pakistan witnessing spike in inflation, touches 59 years figure
May 06, 2023, at 06:11 am
Islamabad: Pakistan is witnessing a spike in inflation to touch a 59 years figure of 36.4 percent in April, a situation believed to be caused due to the government’s missteps and administrative measures, media reports said.
Mar 30, 2023, at 06:01 am
Ottawa/IBNS: A federal budget tabled by Canada's Finance Minister Chrystia Freeland on Tuesday addressed inflation, GST rebate for low-income Canadians, and multi-billion-dollar tax credits to stimulate the clean energy sector.
Pakistan: Short-term inflation spikes touches record 46.65pc
Mar 25, 2023, at 02:16 am
Islamabad: Pakistan's short-term inflation, which is measured by the Sensitive Price Index hit an all-time high of 46.65 per cent year-on-year (YoY) for the week ending on March 22, as per data released by the Pakistan Bureau of Statistics (PBS) on Friday.
Inflation rate spikes to 10.4 percent in UK
Mar 22, 2023, at 08:33 pm
London: Driven by a shortage of salad and vegetables, cost of living has unexpectedly jumped up in the UK, media reports said.
Inflation spikes in Pakistan, experts feel families will need to make choices, sacrifices
Mar 04, 2023, at 01:42 pm
Islamabad: Consumers are facing tough times in Pakistan, a nation battered by the economic crisis, as inflation spiked to touch a record figure last month, media reports said.
Tehreek-e-Labaik Pakistan says its protest against inflation to continue
Mar 01, 2023, at 03:58 pm
Lahore: The Tehreek-e-Labaik Pakistan has announced it will demonstrate outside the district press clubs across the country from Friday against the rising problem of inflation.
IMF lays 'tough conditions' to release $1.1 billion to cash-strapped Pakistan
Feb 05, 2023, at 07:43 pm
Islamabad: The International Monetary Fund (IMF) has laid a string of “tough conditions” to bail Pakistan out of its spiralling financial crisis, Prime Minister Shehbaz Sharif said, media reported.
Pakistan's inflation touches record high figure of 27.6 pct
Feb 02, 2023, at 12:08 am
Islamabad: Pakistan's annual inflation, measured by the Consumer Price Index (CPI), spiked to a decades-high level of 27.55 per cent in January, compared to 24.5pc in the previous month, media reports said on Wednesday.
UK inflation eased slightly to 10.5 pc in Dec: ONS
Jan 19, 2023, at 07:57 am
London/UNI: The United Kingdom's (UK) inflation slowed for a second month in December 2022, but the cost-of-living crisis continued as food inflation remained record high, official figures showed on Wednesday.
Pakistan: 49% people frustrated with inflation, survey shows
Dec 14, 2022, at 04:39 am
Islamabad: A survey has found that most Pakistani citizens are currently frustrated with the growing inflation trouble in the country.
Rising inflation, falling wages threaten increased poverty and unrest: ILO
Dec 02, 2022, at 05:15 pm
New York: Rising inflation has caused a striking decline in real monthly wages in many countries, the International Labour Organization (ILO) said in a report published on Wednesday, highlighting the urgent need for policies to prevent further poverty, inequality and social unrest.
UK: Inflation rate touches record high in October
Nov 16, 2022, at 11:35 pm
London: The UK's inflation rate touched a record 11.1 percent in October, as per data released by Office for National Statistics.
Global jobs market set to deteriorate amid Ukraine war shocks: ILO
Nov 01, 2022, at 06:26 pm
New York: The outlook for global labour markets has worsened in recent months and if current trends continue, vacancies will grow more scarce while global jobs growth will deteriorate significantly during the rest of the year, according to a new report by the International Labour Organization (ILO).
Sri Lanka food inflation peaks to 86pc
Oct 26, 2022, at 09:57 pm
Colombo: The nationwide food inflation in Sri Lanka has peaked to 85.8 per cent in September, up from 84.6 per cent in August, it was reported on Wednesday.
Inflation: Price of onions, tomatoes, 18 other items spike in Pakistan
Oct 01, 2022, at 02:25 pm
Islamabad: Consumers in Pakistan are once again facing trouble as after a gap of three weeks the weekly inflation, based on the sensitive price index (SPI) rate rose owing to an increase in the price of essential vegetables.