People buy dried fruit in a market in Karachi on February 1, 2023. – Reuters Some consumption items have seen price increases. SPI inflation has a rare drop of 1.2%. Onions experienced a massive drop of 67.67% prices in annual shift. Karachi: The sensitive price indicator (SPI), which measures short -term inflation in Pakistan, recorded … Read more
A client buys rice from a big store in Karachi. – AFP / File Decrease in the price of 20 articles out of 51 key consumer goods. The 5.5% largest decline witnessed the price of onions. The prices of gasoline and diesel fell respectively 0.24% and 2%. Karachi: weekly inflation, measured by the sensitive price … Read more
A customer talks with a merchant selling grocery products on a Karachi market in Pakistan, June 8, 2023. – Reuters The drop in inflation marks a significant drop compared to the 1.16 % of the previous week. The IPC, which amounted to 4.1 % in December, could fall below 3 % in January 2025. Analysts … Read more
Men sell vegetables at their makeshift stalls at Empress Market in Karachi, April 2, 2018. — Reuters PBS releases data for the week ending January 16. Tomatoes lead weekly price declines. The annual SPI data highlights a complex inflationary situation. KARACHI: Inflationary pressures in Pakistan further moderated as the Sensitive Price Indicator (SPI) recorded a … Read more
A customer buys rice at a wholesale store in Karachi, June 8, 2023. — AFP The drop represents the lowest inflation rate since October 2014. Experts attribute much of the decline in inflation to a high base effect. The sensitive price indicator shows a decline of 0.65% compared to the previous week. Inflation in Pakistan … Read more
A trader speaks with a customer while selling spices at a market in Karachi, Pakistan, June 11, 2024.— Reuters KARACHI: Short-term inflation in Pakistan, as measured by the Sensitive Price Indicator (SPI), witnessed a slight decline of 0.26 percent for the week ending January 2, 2025, according to data released by the Pakistan Bureau of … Read more
People buy pulses and cereals at a wholesale market in Karachi on February 1, 2023. — AFP KARACHI: Short-term inflation in Pakistan, as measured by the Sensitive Price Indicator (SPI), jumped by 0.8% for the week ending December 26, 2024, according to data from the Pakistan Bureau of Statistics (PBS) released today (Friday). Year-on-year inflation … Read more
Prime Minister Shehbaz Sharif addresses the COP29 Climate Action Summit in Baku, Azerbaijan, November 13, 2024. — PID The Prime Minister reiterates the government’s commitments to economic recovery. “I remain faithful to all the promises I made,” the Prime Minister said. He says the country is moving towards progress after economic stability. ISLAMABAD: Prime Minister … Read more