Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil
1 year, 10 months ago

Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil

India Today  

Amid economic turmoil in the country, traders in Pakistan have warned of a likely shortage of essential commodities. Prices were up 2.9 per cent in January from the previous month, Reuters quoted the Pakistan Bureau of Statistics 's statement. Urban core inflation rose 15.4 per cent year-on-year, and 1.4 per cent from December, while rural core inflation rose 19.4 per cent compared to last year, and 1.5 per cent compared to last month. Food inflation increased by 42.9 per cent year-on-year, and by 5 per cent over the last month. While perishable items were up 61.6 per cent over the last year, their prices fell 1.76 per cent from December 2022, PBS said.

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History of this topic

Pakistan blames IMF for record inflation, erosion in purchasing power
1 week, 4 days ago

Pakistan blames IMF for record inflation, erosion in purchasing power

Firstpost  

Under the IMF programme, Pakistan recorded 840% increase in gas prices, 110% rise in electricity rates, and 43% currency depreciation, according to Finance Minister Muhammad Aurangzeb Cash-strapped Pakistan has turned to the IMF yet again to rescue its ailing economy. Pakistani Finance Minister Muhammad Aurangzeb said on Wednesday that the country recoded 840 per cent increase in gas prices, 110 …

Retail inflation slows slightly at 5.48%
1 week, 4 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

India Expects Relief in Food Inflation with Strong Kharif Harvest
4 weeks ago

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing …

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report
4 weeks ago

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report

ABP News  

The finance ministry in its latest economic review for October revealed that food inflation is expected to slowdown in the upcoming months. “Supply disruptions from heavy rains in major producing states contributed to price pressures in tomatoes, onions, and potatoes, while elevated global prices drove up oil and fat inflation,” the ministry in the review stated. The report, released by …

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA
1 month ago

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA

Deccan Chronicle  

Mumbai: Chief Economic Adviser V Anantha Nageswaran on Tuesday said that the recent rise in Consumer Price Index -based inflation is primarily driven by a select few commodities. Nageswaran explained that excluding tomatoes, onions, potatoes, and gold and silver from the CPI calculation reveals a much lower headline inflation rate of just 4.2 per cent for October. While these items …

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here
1 month ago

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here

Live Mint  

Indian Finance Minister Nirmala Sitharaman, on November 17, responded to a netizen requesting some relief for the middle class amid rising inflation and prices in the country. I understand the immense challenges involved, but it’s just a heartfelt request.” Sitharaman responded positively to the post, thanking Sharma for acknowledging the challenges involved and stating that the central government is a …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 1 week ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

All about the inflation spike: how, why & when
Trending News
1 month, 1 week ago

All about the inflation spike: how, why & when

Live Mint  

The consumer price index —or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s upper tolerance limit. Despite the RBI governor Shaktikanta Das’s warning of higher inflation in October, the 6.2% reading, which marks a 14-month high, came as a surprise. For the first time in 13 months, the inflation breached the 6% mark—the higher end of …

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 1 week ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

India’s retail inflation surges to 6.2% in October
1 month, 1 week ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge
1 month, 1 week ago

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge

Live Mint  

Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Annual retail inflation as measured by the consumer price index likely rose a second straight month to 5.81% in …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 1 week ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

Food inflation still a concern, experts say: ‘Fight on this front far from over’
6 months, 1 week ago

Food inflation still a concern, experts say: ‘Fight on this front far from over’

Hindustan Times  

In the latest assessment of India's Consumer Price Index inflation for May 2024, experts from India Ratings and Research, the PHD Chamber of Commerce and Industry, and CRISIL shared their insights, highlighting both positive trends and lingering challenges. Sinha and Jasrai noted, "The core inflation though edged down further to 3.1 per cent in May 2024. Commenting on the CPI …

Pakistan grapples with sky-high inflation; Wheat flour costs 800 Pak rupees, Chapati worth 25 Pak rupees
7 months, 3 weeks ago

Pakistan grapples with sky-high inflation; Wheat flour costs 800 Pak rupees, Chapati worth 25 Pak rupees

Hindustan Times  

Inflation is steeply rising in Pakistan, causing citizens to struggle to afford essential items to provide basic meals for their families, news agency ANI reported. Additionally, a single roti now costs 25 PKR, leading the public to lament that the “government is ignoring their needs.” Pakistan inflation: The price of a kilo of flour now stands at 800 Pakistani rupees, …

Retail inflation eases to four-month low of 4.87%
1 year, 1 month ago

Retail inflation eases to four-month low of 4.87%

The Hindu  

India’s retail inflation pace eased to a four-month low of 4.87% in October from a tad over 5% in September, with the rise in vegetables prices easing to 2.7% from 3.4% even though overall consumer food price inflation remained virtually unchanged at 6.6%. The Reserve Bank of India, which expects inflation to average 5.6% between October and December, is unlikely …

CPI inflation likely at 4.8% in Oct: Poll
1 year, 1 month ago

CPI inflation likely at 4.8% in Oct: Poll

Live Mint  

New Delhi: India’s retail inflation likely cooled to 4.8% in October from 5% in September as food inflation continued to ease, according to a Mint poll of 17 economists. View Full Image Respondents predicted inflation based on the consumer price index in the range of 4.5-5.1% in October, with only one economist expecting inflation to cross 5%. “We see a …

Inflation cooled to 5% in September
1 year, 2 months ago

Inflation cooled to 5% in September

The Hindu  

India’s retail inflation eased from 6.83% in August to 5.02% in September, breaking a two-month streak over the tolerance threshold of the Reserve Bank of India, with the rise in food prices easing to 6.6% from almost 10%. Rural inflation stood at 5.33% in September, compared to 7% in August, while the price rise faced by urban consumers moderated more …

Pakistan's inflation at 31.4%: Cylinder costs PKR 3,079, 3-inch sandwich on menu
1 year, 2 months ago

Pakistan's inflation at 31.4%: Cylinder costs PKR 3,079, 3-inch sandwich on menu

Hindustan Times  

Pakistan's inflation rate rose to 31.4% year-on-year in September from 27.4% in August, statistics bureau data showed amid high fuel and energy prices in the country which has embarked on a path to economic recovery under a caretaker government after a $3 billion loan programme approved by the International Monetary Fund in July. Pakistan's ministry of finance said in its …

Little succour: The Hindu Editorial on Consumer Price Index data
1 year, 3 months ago

Little succour: The Hindu Editorial on Consumer Price Index data

The Hindu  

The latest Consumer Price Index data from the NSO, which shows an easing in the pace of price gains from July’s 15-month high, provides little assurance that retail inflation has actually begun to come under control. While the headline year-on-year pace of inflation decelerated slightly in August to 6.83%, gains in food prices, measured by the Consumer Food Price Index, …

Pakistan’s Shopkeepers Observe Nationwide Strike over Inflation, Soaring Electricity Bills
1 year, 3 months ago

Pakistan’s Shopkeepers Observe Nationwide Strike over Inflation, Soaring Electricity Bills

News 18  

Thousands of Pakistan traders shuttered their shops on Saturday, striking over soaring energy and fuel bills stirring widespread discontent ahead of national elections. “Everyone is participating because the situation has become unbearable now,” Lahore’s Township Traders Union president Ajmal Hashmi told AFP. “Some relief must be given so people can put food on the table.” Traders wield immense power in …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

High food prices may be the new normal
1 year, 4 months ago

High food prices may be the new normal

Hindustan Times  

A vegetable price shock has sent India’s benchmark inflation rate to a 15-month high of 7.4% in July. The jump in headline inflation came despite a moderation in core inflation, which measures the non-food non-fuel part of the Consumer Price Index basket. In the textbook world of inflation targeting, high inflation is taken as a sign of an overheating economy, …

Rising food prices may undo recent respite from inflation
1 year, 4 months ago

Rising food prices may undo recent respite from inflation

The Hindu  

India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India in July, owing to a broad-based uptick in food prices, and could remain sticky in coming months, economists reckon. Core inflation may ease State Bank of India group chief economic adviser Soumya Kanti Ghosh is not as sanguine and …

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data
1 year, 5 months ago

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data

The Hindu  

The latest Consumer Price Index data showing a resurgence in retail inflation proves exactly why the RBI’s monetary authorities have reiterated the need to keep the policy approach firmly tilted towards ensuring price stability. The food price inflation was broad-based with 10 of the 12 sub-groups witnessing year-on-year increases: cereals registered 12.7% price gains, eggs logged 7%, dairy experienced 8.56% …

The food spoiler in the inflation game is returning bit by bit
1 year, 5 months ago

The food spoiler in the inflation game is returning bit by bit

Live Mint  

Concerns over inflation have returned after a brief hiatus. Retail or Consumer Price Index inflation after easing significantly in the last four months inched higher to 4.8% year-on-year in June from a 25-month low of 4.3% in May. Besides, inflation remained in double digits for cereals and inched up across most other hea-vyweight food components inc-luding fruits, sugar, spices, and …

Pakistan inflation eases for the first time in seven months
1 year, 5 months ago

Pakistan inflation eases for the first time in seven months

Al Jazeera  

Government figures show year-on-year inflation at 29.4 percent, compared with a record 38 percent in May. Pakistan’s headline inflation eased for the first time in seven months in June, figures show – a bright spot for a beleaguered government that must call an election this year. Year-on-year inflation was 29.4 percent last month, Pakistan Bureau of Statistics data showed on …

Pakistan’s inflation Asia’s fastest, outpaces Sri Lanka
1 year, 7 months ago

Pakistan’s inflation Asia’s fastest, outpaces Sri Lanka

Hindustan Times  

Pakistan took the crown for Asia’s fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gains to a record in April. The data shows Pakistan’s inflation outpaced price gains in Sri Lanka that eased to 35.3% in April and is starting to show signs of recovery from an economic crisis. Pakistan’s inflation …

Pakistan inflation at record 36.4% in April, highest since 1964
1 year, 7 months ago

Pakistan inflation at record 36.4% in April, highest since 1964

Live Mint  

Inflation in Pakistan surged to a record level in April on higher food prices, weaker currency and rising energy costs. Consumer prices rose to 36.4% in April from a year earlier, the highest since 1964, the statistics bureau said on Tuesday. The bureau said Pakistan's rural areas recorded food inflation of 40.2%. Pakistan’s finance ministry said headline inflation was expected …

Pakistan inflation rises by record as IMF reforms spur gains
1 year, 8 months ago

Pakistan inflation rises by record as IMF reforms spur gains

Live Mint  

Pakistan’s inflation quickened by a record on higher taxes and energy prices, suggesting that further interest rate increases may be needed. “This was broadly expected with the persisting higher food prices, and a tax on tobacco has been implemented,” said Amreen Soorani, head of research at JS Global Capital in Karachi. “Consumer prices will go up for a couple of …

Pakistan posts highest-ever annual inflation; stampedes for food kill 16
1 year, 8 months ago

Pakistan posts highest-ever annual inflation; stampedes for food kill 16

The Hindu  

Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid. The March inflation number eclipsed February's 31.5%, the bureau said, as food, beverage and transport prices surged up to 50% year-on-year. A spokesman at the statistics …

Pakistan records highest inflation rate in past 53 years; crosses 36 pc mark
1 year, 8 months ago

Pakistan records highest inflation rate in past 53 years; crosses 36 pc mark

India TV News  

Pakistan inflation: Amid the gloomy economy, Pakistan on Saturday registered a record jump in the inflation rate, with the tally reaching nearly 36 per cent. The data released on April 1 marked the highest Consumer Price Index increase on record since July 1965, according to the investment firm Arif Habib Corporation. The short-term rate of inflation measured by the Sensitive …

Soaring inflation hits Pakistanis hard during Ramadan
1 year, 8 months ago

Soaring inflation hits Pakistanis hard during Ramadan

Live Mint  

Soaring food inflation has hit Pakistanis hard this year, especially during Ramadan - the festival of prayer as the lavish food preparations have been overshadowed in the country due to rising prices of essential items. Local media reported that the people of the country boycotted purchasing expensive fruit from Friday to Sunday last week expressing anger and displaying that the …

Pak inflation skyrockets to 47%, essential prices soar: Report
1 year, 8 months ago

Pak inflation skyrockets to 47%, essential prices soar: Report

Hindustan Times  

Pakistan's economic crisis continues to worsen with each passing day. According to the Pakistan Bureau of Statistics, the inflation based on sensitive price indicator has been recorded at 47 per cent year on year at the week which ended on March 22. The price of onions in Pakistan have increased by 228.28 per cent, cigarettes by 165.88 per cent, wheat …

Pakistan’s Poor Resort to Suicide amid Food Crisis, Rising Inflation
1 year, 9 months ago

Pakistan’s Poor Resort to Suicide amid Food Crisis, Rising Inflation

News 18  

Price rise and rising inflation is forcing Pakistanis from lower strata of the society to end their lives. According to local media reports, the government is unable to tackle issues like food security because it is busy tackling severe debt crises and high fiscal and current account deficits. The reports also point out that successive governments have compounded the food …

Economic crisis forcing many Pakistanis to end their lives
1 year, 9 months ago

Economic crisis forcing many Pakistanis to end their lives

Live Mint  

A resident of Surjani town in crisis-hit Pakistan, the sole earner of the family who was living in a rented house with his 35-year-old wife and two infant daughters, was struggling with inflation and unemployment. Police informed that the man along with three family members attempted suicide by consuming a poisonous substance allegedly due to increasing inflation. Last month, a …

How skyrocketing inflation has hit Pakistan’s most vulnerable
1 year, 9 months ago

How skyrocketing inflation has hit Pakistan’s most vulnerable

Al Jazeera  

With Ramadan approaching, millions of Pakistanis are struggling to put food on the table amid one of country’s worst economic crises. “I am under debt of 200,000 rupees due to her treatment but I must do what I can as a mother to save her.” Much like Bibi, Ghulam Murtaza Abbasi also had to make difficult calls as Pakistan faces …

Nothing is cheap, nothing: Pakistan's inflation at 58-year high, a record
1 year, 9 months ago

Nothing is cheap, nothing: Pakistan's inflation at 58-year high, a record

Hindustan Times  

Monthly inflation jumped to 31.6% in February year-on-year, Pakistan Bureau of Statistics said. In February, prices rose at the fastest pace ever in Pakistan's history, data showed which comes as food and transport costs drove up inflation to a point where analysts fear "families will have to make choices and sacrifices," Pakistan's Dawn reported. In February, prices rose 4.3 per …

Pakistan’s CPI soars to highest rate in nearly 50 years
1 year, 9 months ago

Pakistan’s CPI soars to highest rate in nearly 50 years

Al Jazeera  

Soaring food, beverage and transport costs push consumer price index to 31.5 percent in February, highest rate since 1974. Pakistan’s consumer price index jumped 31.5 percent in February year-on-year, the statistics bureau says, the highest annual rate in nearly 50 years, as food, beverage and transportation prices surged more than 45 percent. February’s rate is the highest since 1974 when …

Can’t afford food, people turn to God in bankrupt Pakistan
1 year, 9 months ago

Can’t afford food, people turn to God in bankrupt Pakistan

Firstpost  

Islamabad: “We are solely reliant on God,” this is what every second person in Pakistan has been saying now as weekly inflation in the country surges past 40 per cent. “We are solely reliant on God, we cannot make ends meet in this inflation,” said Imam Ali, who lost almost all of his livestock and crops in 2020 Pakistan floods. …

Pakistan inflation soars to 40%: Onion up 370% & Diesel up 108%
1 year, 9 months ago

Pakistan inflation soars to 40%: Onion up 370% & Diesel up 108%

Live Mint  

Crisis-hit Pakistan recorded a new high in inflation as it went to 41.54% on a year-on-year basis for the week ended on February 23, following a continued hike in prices of essential commodities. The price of petrol has been moved up to ₹272 per litre after an increase of ₹22.20, to appease the International Monetary Fund for unlocking the critical …

Weekly inflation rises to 38.4% in cash-strapped Pakistan
1 year, 10 months ago

Weekly inflation rises to 38.4% in cash-strapped Pakistan

The Hindu  

The yearly inflation hit a new high of 38.42% in the outgoing week in cash-strapped Pakistan as the trend of the hike in the prices of essential commodities continued to rise, according to a media report on Saturday. The Sensitive Price Index, used to measure short-term inflation, rose to 38.42% on a year-on-year basis in the outgoing week, The Express …

Pakistan’s ‘mini-budget’ gives major shocker to common man: How petrol, ghee, cigarettes have become unaffordable
1 year, 10 months ago

Pakistan’s ‘mini-budget’ gives major shocker to common man: How petrol, ghee, cigarettes have become unaffordable

Firstpost  

To please the IMF, Pakistan has unleashed misery on its people already grappling with inflation. Fuel prices have hit a historic high with petrol costing Rs 272 per litre Staring at bankruptcy, Pakistan is desperate for the International Monetary Fund bailout. A spokesperson of tobacco company Philip Morris Pakistan said the proposed tax hike if implemented would enhance the price …

Inflation in Pakistan could average 33% in H1 2023, says Moody’s economist
1 year, 10 months ago

Inflation in Pakistan could average 33% in H1 2023, says Moody’s economist

Live Mint  

Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a bailout from the International Monetary Fund alone is unlikely to put the economy back on track, a senior economist with Moody's Analytics told Reuters. "Food prices are high and they can't avoid paying for that, so we're going to see higher poverty rates …

Disconcerting dilation: The Hindu Editorial on January 2023 retail inflation hike
1 year, 10 months ago

Disconcerting dilation: The Hindu Editorial on January 2023 retail inflation hike

The Hindu  

Just five days after Reserve Bank of India Governor Shaktikanta Das asserted that inflation ‘has shown signs of moderation and the worst is behind us’, Monday’s release of Consumer Price Index estimates for January revealed a disconcerting reversal in price gains trend. With a 12.4% weight in the rural consumption basket, cereal prices fuelled January’s overall rural headline inflation at …

Pakistan economic crisis: Tax hikes may surge inflation, check food prices here
1 year, 10 months ago

Pakistan economic crisis: Tax hikes may surge inflation, check food prices here

Live Mint  

Pakistan has been struggling with a huge economic crisis after its forex reserve has fallen down. This comes after the International Monetary Fund delayed the release of a crucial $1.1 billion portion of a 2019 deal worth $6 billion, on hold since December over Pakistan's failure to meet the terms. Ehtisham-ul-Haq, a veteran economist said, “The imposition of more taxes …

DC Edit | RBI focus still on inflation
1 year, 10 months ago

DC Edit | RBI focus still on inflation

Deccan Chronicle  

As expected by all, the Reserve Bank of India has increased its lending rate by 25 basis points or 0.25 per cent to 6.50 per cent — the sixth straight increase in interest rates since May last year taking the cumulative hike to 2.5 per cent. Though analysts expected this would be the final rate hike in the monetary tightening …

Pakistan inflation rises to 48-year-high of 27.55%: Report
1 year, 10 months ago

Pakistan inflation rises to 48-year-high of 27.55%: Report

Hindustan Times  

Pakistan’s inflation quickened to the fastest in almost 48 years in January as thousands of containers of food items, raw materials and equipment are stuck in ports after the cash-strapped government curtailed imports. The latest reading comes a week after the State Bank of Pakistan increased its benchmark rate to the highest in more than 24 years to help stabilize …

Vegetable prices help cool inflation in December 2022
1 year, 11 months ago

Vegetable prices help cool inflation in December 2022

The Hindu  

A steep 15.1% fall in vegetable prices in December 2022 drove down India’s retail inflation to a 12-month low of 5.72% — keeping it below the central bank’s 6% tolerance threshold for the second straight month after a ten-month streak above it. “Excluding vegetables, retail inflation actually rose to 7.2% in December from 7% in November — led by rising …

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