Tag: Inflation
Weekly inflation falls
ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ended on February 3, 2011 for the lowest income group up to Rs 3,000, has registered a 0.37 percent decline compared to the previous week. Provisional figures released by the Federal Bureau of Statistics (FBS) reveal that SPI, for the week under review in the above mentioned group, was recorded at 296.25 points compared to 297.34 points in the previous week.
The weekly SPI has been computed with base 2000-2001=100
The weekly SPI has been computed with base 2000-2001=100
Inflation serious threat to growth, says Manmohan Singh
NEW DELHI - India's Prime Minster Manmohan Singh said on Friday that high headline inflation is beginning to pose a serious threat to India's high growth plans, in one of his strongest warnings over the risk of rising prices.
Singh added that farm supply chains needed to be boosted with organised retail chains, a statement seen pushing for the entry of modern supermarkets despite strong political opposition for foreign-owned multi-brand retail from within his Congress party.
Singh added that farm supply chains needed to be boosted with organised retail chains, a statement seen pushing for the entry of modern supermarkets despite strong political opposition for foreign-owned multi-brand retail from within his Congress party.
Weekly inflation rate eases slightly
ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ended on January 27, for the lowest income group up to Rs 3,000, has registered decrease of 0.91 per cent over the previous week. The SPI for the week under review was recorded at 297.34 points against 300.06 points registered in the previous week, according to provisional figures of Federal Bureau of Statistics (FBS).
The weekly SPI was computed with the base of 2000 =100 covering 17 urban centers and 53 essential
The weekly SPI was computed with the base of 2000 =100 covering 17 urban centers and 53 essential
Food inflation a threat, regulation questioned
DAVOS - Officials meeting at the World Economic Forum expressed concern on Thursday about soaring food prices stoking social unrest, but corporate figures rejected calls for curbs on speculation. "Higher food prices and volatility are one of the biggest threats to the global economic recovery and social stability," Ngozi Okonjo-Iweala, managing director at the World Bank, told Reuters on the sidelines of the meeting in the Swiss resort.
US wheat futures rose to a new 29-month
US wheat futures rose to a new 29-month
Government asked to revive magistracy to curb inflation
ISLAMABAD - The provincial chief secretaries on Monday asked the government to revive the old magistracy system to enforce the hoarding act in order to deal with the rising inflation, an official source said.
The provincial chief secretaries were speaking during a specially convened meeting chaired by Finance Secretary Dr Waqar Masood Khan to finalise recommendations for the PPP ministerial and PML-N joint committee. The implementation of profiteering and hoarding act by
The provincial chief secretaries were speaking during a specially convened meeting chaired by Finance Secretary Dr Waqar Masood Khan to finalise recommendations for the PPP ministerial and PML-N joint committee. The implementation of profiteering and hoarding act by
Weekly inflation falls by 0.32pc
ISLAMABAD - The Sensitive Price Indicator (SPI), for up to Rs 3,000 income group, has registered a 0.32 percent decrease in the week ended on January 20 compared to the previous week. The SPI, for the week under review in the above mentioned group, was recorded at 300.06 points compared to 301.02 points in the previous week, according to provisional figures revealed by the Federal Bureau of Statistics.
SPI, for the combined group, also decreased by 0.27 percent, declining to
SPI, for the combined group, also decreased by 0.27 percent, declining to
Raging inflation adds to Pakistan’s woes
ISLAMABAD - Pakistan's crippling inflation rate has left trader Mohammad Farouk with a painful task at the end of each day - throwing out a large quantity of his fruits and vegetables because it's too expensive to sell. Soaring prices also mean he often has to purchase stocks on credit from wholesalers.
"We can't make money anymore because prices have been high for so long," said Farouk, sitting beside other idle merchants, warming their hands over a fire burning in a large can.
"We can't make money anymore because prices have been high for so long," said Farouk, sitting beside other idle merchants, warming their hands over a fire burning in a large can.
Weekly inflation sustains rise
ISLAMABAD - The Sensitive Price Indicator (SPI), for the lowest income group up to Rs.3,000, in the week ended on January 6, has registered an increase of 0.51 percent in comparison to the previous week.
The SPI was recorded at 301.23 points as against 299.71 points registered in the previous week, according to provisional figures revealed by the Federal Bureau of Statistics (FBS).
The weekly SPI was computed with base 2000-2001=100, covering 17 urban centers and 53
The SPI was recorded at 301.23 points as against 299.71 points registered in the previous week, according to provisional figures revealed by the Federal Bureau of Statistics (FBS).
The weekly SPI was computed with base 2000-2001=100, covering 17 urban centers and 53
Asia scrambles to contain food inflation
SINGAPORE - Record high food prices are moving to the top of the agenda for many Asian policymakers as the prospect of higher inflation in 2011 poses a major threat to the region's strong revival from the global financial crisis. Food inflation in many Asian countries, including China and India, is already in double digits, raising fears that the price pressures could spread more broadly to other sectors and pose a threat to both economic and social stability as millions of Asians
Economic activity slowing, inflation gathering pace
ISLAMABAD - With the large-scale manufacturing and agriculture sector both recording a negative growth rate during the first quarter of the current financial year, the Senate Standing Committee on Finance was cautioned on Tuesday that the continued delay in implementation of key economic reforms could further strain the economy.
The Senate body on finance met under the chairmanship of Senator Ahmed Ali. Minister of State for Finance Hina Rabbani Khar, State Bank of Pakistan
The Senate body on finance met under the chairmanship of Senator Ahmed Ali. Minister of State for Finance Hina Rabbani Khar, State Bank of Pakistan
Weekly inflation soars 0.15 percent
ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ended on December 30, for the lowest income group up to Rs.3,000, has registered an increase of 0.15 percent in comparison with the previous week.
The SPI, for the week under review in the above mentioned group, was recorded at 299.71 points as against 299.27 points registered in the previous week, according to figures revealed by Federal Bureau of Statistics (FBS). The weekly SPI has been computed with base
The SPI, for the week under review in the above mentioned group, was recorded at 299.71 points as against 299.27 points registered in the previous week, according to figures revealed by Federal Bureau of Statistics (FBS). The weekly SPI has been computed with base
Rising oil price adds to Asia inflation headaches
MUMBAI - Rising oil prices present a new inflationary headache for Asia and further complicate the task of policymakers grappling with broader price pressures, an uneven growth outlook and surging dollar inflows.
Central bankers in Asia are reluctant to stifle growth by raising rates and are wary of exacerbating yield differentials with western economies and Japan that would further attract potentially destabilising capital flows. At the same time, rising prices are politically
Central bankers in Asia are reluctant to stifle growth by raising rates and are wary of exacerbating yield differentials with western economies and Japan that would further attract potentially destabilising capital flows. At the same time, rising prices are politically
Weekly inflation exhibits nominal rise
ISLAMABAD - The Sensitive Price Indicator (SPI), for the lowest income group up to Rs.3,000, has increased by 0.48 percent for the week ended on December 23 in comparison to the previous week. The SPI was recorded at 299.27 points as against 297.83 points in the previous week, according to figures of Federal Bureau of Statistics (FBS).
The weekly SPI has been computed with base 2000-2001=100 covering 17 urban centers and 53 essential items for all income groups and combined. SPI
The weekly SPI has been computed with base 2000-2001=100 covering 17 urban centers and 53 essential items for all income groups and combined. SPI
China’s central bank to gear up fight against inflation
BEIJING: China's central bank kept up its rhetoric against inflation and excess liquidity on Friday by saying it will deploy a range of policy tools to head off inflationary pressures and asset bubbles.
Hu Xiaolian, a deputy governor at the People's Bank of China, said monetary policy in the world's second-largest economy needs to be prudent to tame inflation, which hit a 28-month high of 5.1 percent in November.
"The most important task of our monetary policy next year is
Hu Xiaolian, a deputy governor at the People's Bank of China, said monetary policy in the world's second-largest economy needs to be prudent to tame inflation, which hit a 28-month high of 5.1 percent in November.
"The most important task of our monetary policy next year is
Sunni Tehreek holds protests against inflation
LAHORE - The Sunni Tehreek held protests against unemployment, inflation and vulgarity across Punjab on Sunday. Addressing the protests, Sunni Tehreek Lahore convener Mujahid Abdur Rasool said that the federal government should abstain from amending Section 295-C of blasphemy laws and the Punjab governor had surpassed Abu Jehal by saying that blasphemy laws were black laws.
He said that inflation, unemployment and vulgarity had played havoc with law and order in the country.
He said that inflation, unemployment and vulgarity had played havoc with law and order in the country.
Currency-to-deposit ratio decline fuels inflation
KARACHI: The State Bank of Pakistan (SBP) has attributed heavy government borrowing from the central bank and the consequential inflation spike to the deterioration of currency-to-deposit ratio in the banking system which had shown "contractionary" growth of 40 percent during the last three fiscal years from 2007 to 2010.
Furthermore, the central bank, stressing the need for a coordinated response to the changing macroeconomic climate, said a nominal growth of 24 percent in
Furthermore, the central bank, stressing the need for a coordinated response to the changing macroeconomic climate, said a nominal growth of 24 percent in
China mark up rise talk builds as loans, inflation swell
BEIJING: China is likely to raise interest rates in the coming days in a demonstration of the government's resolve to tame inflation, an official newspaper said on Tuesday.
In a banner headline across its front page, the China Securities Journal said this weekend offered a "sensitive window" for a rate rise, which would be the country's second following a surprise increase in October, the central bank's first rate hike since 2007.
An increase in rates would also put flesh
In a banner headline across its front page, the China Securities Journal said this weekend offered a "sensitive window" for a rate rise, which would be the country's second following a surprise increase in October, the central bank's first rate hike since 2007.
An increase in rates would also put flesh
