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Articles for tag: falls, Inflation, Pakistan, PBS, Weekly

March 23, 2025

News Desk

Weekly inflation in Pakistan falls 0.35%: PBS

People buy dried fruits in a market in Karachi, February 1 2023. – Reuters Some consumer objects saw price increases. Inflation of SPI rarely publishes 1.2%. The onions saw a massive drop in prices 67.67% on a yearly basis. Karachi: The Sensitive Price Index (SPI), which measures short -term inflation in Pakistan, recorded a 0.35% reduction in inflation during the week ending March 20, according to Pakistan Statistics Office (PBS). The news They said that the sharp drop in vegetable prices was the main cause behind the dip. Tomatoes fell more to -7.08%, followed by onions (-6.07%), garlic (-5.59%), eggs

February 9, 2025

News Desk

Inflation of health care bites as PBS records a sharp increase in medical expenditure

A man sorts and organizes medications in a Phashawar pharmacy store. – Reuters/file Healthcare services are becoming increasingly accessible to inflation consumers, as the Pakistani Statistics Office (PBS) for January 2025 show a sharp increase in medical expenses. The latest data released by PBS earlier this month showed that medical fees increased by 5.36% in January compared to December, composing an already sharp increase of 15.16% annually. General doctors as well as special clinics have also become 4.28% more expensive in January, while dental services saw 2.22% monthly rise – an imposing 26.16% increase compared to the same period last

January 2, 2025

The Pakistan Daily

Pakistan’s inflation drops to 4.1%, reaching 81-month low: PBS

Prudent economic policies of the government have led to reduction in the inflation rate to the lowest level of 4.1 percent in eighty-one months. According to Pakistan Bureau of Statistics, the consumer price index was recorded at 4.1 percent during the last month as compared to 49 percent in June last year. This marks a significant decline compared to the 29.7 percent inflation recorded in December 2023. The wholesale price index was recorded at 1.9 percent last month, down from 2.3 percent in June 2024 and 27.3 percent in December 2023. Rates of chicken slashed by 13.06 percent, fresh vegetables

September 2, 2024

News Desk

Pakistan is recording the lowest inflation in almost three years

Listen to the article Pakistan’s consumer price index (CPI) rose 9.6 percent year-on-year (y-o-y) in August, hitting a 34-month low, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The CPI, which tracks household inflation by measuring price changes in various categories of household spending, showed a marked drop from the 11.1 percent inflation rate recorded in July 2024 and a significant drop from 27.4 percent in August 2023. Monthly inflation rose 0.39% in August, according to PBS. According to Karachi-based brokerage Topline Securities, this reading represents the lowest inflation rate in nearly three years, stating,

August 1, 2024

News Desk

CPI inflation registered at 11.1% in July: PBS

A shopkeeper calculates his sales on an electronic calculator. —Reuters/File Headline CPI inflation stood at 12.6% last month. Urban CPI inflation rises 13.2% year-on-year in July 2024. Rural CPI inflation rose 8.1% year-on-year last month. Islamabad: Headline consumer price index (CPI) inflation recorded 11.1% year-on-year in July 2024, from 12.6% in June 2024 and 28.3% in the corresponding month last year, according to data released by published by the Pakistan Bureau of Statistics (PBS). The latest data released on Thursday showed that headline CPI inflation rose to 2.1% in July 2024 on a monthly basis, compared with a 0.5% increase

July 1, 2024

News Desk

Headline inflation rose to 12.6% year-on-year in June, according to PBS

People buy pulses and grains at a wholesale market in Karachi on February 1, 2023. — AFP CPI inflation is up 0.5% month-on-month. Inflation statistics in line with government and market expectations. Increase pinned on higher prices of perishable items due to Eid. Picking up the pace at the start of the new financial year, headline inflation stood at 12.6% year-on-year (y-o-y) in June compared with 11.8% in May, data released by the Federal Statistics Office of country on Monday. This increase is in line with market and government expectations. According to the Pakistan Bureau of Statistics (PBS), Consumer Price

June 4, 2024

News Desk

Inflation falls to a 2.5-year low

Islamabad: Inflation suddenly fell to a near two-and-a-half-year low of 11.8% in May due to falling food prices and some correction in fuel prices, opening a window for the central bank to adjust its monetary policy by cutting interest rates significantly in June 10. The Pakistan Bureau of Statistics (PBS) reported on Monday that the measured consumer price index (CPI) registered 11.8 percent in May compared to the same month a year ago. In addition to the high base effect, the real fall in food prices has helped reduce inflation to a level that the government and independent economists had

April 2, 2024

News Desk

The trade deficit widened by 56% in March

Islamabad: Pakistan’s trade deficit widened over 56% in March 2024 due to a sudden increase in imports, underscoring the challenges facing the stability of an external sector that remains dependent on administrative controls. The Pakistan Bureau of Statistics (PBS) said on Monday that the gap between exports and imports widened 56.3 percent to $2.2 billion in March from a year earlier. In absolute terms, the trade deficit widened by $782 million, which was more than the last loan tranche of $706 million. PBS reported that exports totaled $2.56 billion in March, up just $189 million, or 8 percent, from the

March 7, 2024

News Desk

PBS reviews 480% gas price hike

Islamabad: The Pakistan Bureau of Statistics quietly revised down its earlier reported increase in natural gas prices by more than half to 480% – a significant adjustment that also contributed to a lower headline inflation rate in February. PBS made the revision to the growth rate of natural gas prices without making an adjustment to the methodology. The revision was the result of correcting an error in the calculations, the sources said. PBS had earlier reported that the government had raised gas prices by up to 1100% in November 2023, but the Department of Energy said the increase was no

March 3, 2024

News Desk

Oil demand at a 5-month low

KARACHI: Demand for oil products hit a five-month low of 1.12 million tonnes in February due to higher prices, subdued industrial activity, a shift in pipe drilling from diesel to solar power and the introduction of new local coal and coal products. nuclear power plants replacing furnace oil plants. According to oil sales data compiled and reported by Arif Habib Limited, overall demand fell 8% to 1.12 million tonnes in February compared to the same month last year. In addition, demand decreased by 19% compared to January 2024. In the first eight months (July-February) of the current financial year 2023-24,

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