Tag: Inflation

The Russian central bank raised its main interest rate by 0.25 basis points to 8.25 percent with effect from Tuesday to combat strong inflationary...

Euro zone inflation rose further above the European Central Bank's target in April, increasing the chances of an interest rate rise in June, despite...

With China’s inflation – and inflation expectations – rising, how can price stability be maintained without threatening the country’s booming growth? Reconciling growth and...

BEIJING - China and India reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.
Consumer prices in the euro zone also picked up more than expected, while figures due later in the day from the United States are expected to show a similar trend, with the inflation rate still moderate but steadily rising, not least because of higher food and

ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ended 07 April, for the lowest income group up to Rs.3,000, has registered an increase of 0.48 percent over the previous week. Provisional figures from the Federal Bureau of Statistics (FBS) revealed that SPI, for the week under review in the above mentioned group, was recorded at 300.16 points as against 298.73 points in the previous week.
The weekly SPI has been computed with base 2000 2001=100 covering 17 urban

MANILA - Some of Asia's emerging economies are showing signs of overheating, underscoring the need for further policy tightening and more flexible foreign exchange rates to tackle growing inflationary pressures, the Asian Development Bank said on Wednesday. Developing Asia, a diverse group of economies including China, India, Azerbaijan, Thailand and Fiji, is expected to grow 7.8 percent in 2011 and 7.7 percent in 2012, robust rates albeit slower than the nine percent seen in 2010,

KARACHI/LAHORE - Warning against complacency, the State Bank of Pakistan (SBP) on Saturday decided to keep the policy rate unchanged at 14 percent on the back of favourable external accounts and relatively disciplined government borrowings from the central bank.
According to the central bank, inflation in Pakistan had come down year-on-year from 15.5 percent in December 2010 to 12.9 percent in February 2011. The central bank, however, noted that inflation persistence in the

KARACHI - Deterioration in economic indicators like broad money supply (M2) is indicative of the fact that inflationary pressures will remain unabated in Pakistan in the foreseeable future. State Bank of Pakistan (SBP) statistics highlight that monetary expansion in the country continues to be alarmingly high as government bank borrowing mounts and a higher number of net foreign assets (NFA). The provisional data released by the State Bank reveals that Broad Money (M2), an economic

ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ending on March 10, for the lowest income group up to Rs 3,000, has registered increase of 0.59 percent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 299.36 points compared to 297.61 points registered in the previous week, according provisional figures of Federal Bureau of Statistics (FBS). The weekly SPI has been computed with base 2000 2001=100 covering 17 urban

KARACHI - Pakistan's annual consumer price inflation was likely at 14.10 percent in February, as food prices remained low and the government was absorbing most of the impact of higher world oil prices, a Reuters poll shows. A higher base effect from last year also likely helped a marginally slower rise in the consumer price index (CPI) in February, after it rose 14.19 percent in January from a year earlier.
"It seems that the government's and the central bank's patience with the

BEIJING - China's Premier Wen Jiabao said on Saturday the nation had to tame inflation that threatened social stability as the government seeks to steer the world's second-biggest economy towards more balanced and greener growth. In China's version of a "State of the Union" address to be presented later to the annual parliament session, Wen said the government aims to contain inflation to within four percent this year. Failure to rein in price rises for food, housing and other goods

WASHINGTON - A top International Monetary Fund official expressed concern about overall inflation in emerging countries beyond the current spike in food and commodity prices. Naoyuki Shinohara, IMF deputy managing director, highlighted signs of a broadening upward pressure on prices in a speech to Asian central bankers in Colombo, Sri Lanka on Wednesday. "Prices for both oil and non-oil commodities rose considerably in 2010, partly in response to strong global demand, but also because

ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ended on February 24, for the lowest income group up to Rs.3,000, has seen a 0.24 percent rise compared to the previous week. SPI, for the week under review in the above mentioned group was recorded at 297.14 points compared to 296.44 points registered in the previous week, according to provisional figures of the Federal Bureau of Statistics (FBS).
The weekly SPI has been computed with base 2000 2001=100 covering 17

ISLAMABAD - The Sensitive Price Indicator (SPI), for the week ended on February 10, for the lowest income group up to Rs3,000 registered an increase of 0.03 per cent over the previous week. The SPI for the week under review in the above mentioned group was recorded at 296.33 points as against 296.25 points registered in the previous week, according provisional figures of the Federal Bureau of Statistics (FBS).
The weekly SPI has been computed with base set at 2000=100 covering

KARACHI - Inflation in the country has eased by 1.27 percent during last month. According to sources, the consumer price index (CPI), a benchmark for inflation has stood at 14.19 percent during January 2011.
The CPI was recorded at 15.46 percent during the preceding month, December of the current fiscal year. It showed a decrease of 1.27 percent in the inflation rate, Khurram Shehzad, an analyst from InvestCap Research opined.

BEIJING - China raised interest rates for the second time in just over six weeks, intensifying a battle in fast-expanding economy against stubbornly high inflation that threatens to unsettle global markets.
The timing was a surprise, coming on the final day of China's Lunar New Year holiday, but investors have long expected more monetary tightening as Beijing struggles to rein in price pressures and ward off a property bubble in an economy that grew at a double-digit pace last