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Tag: Inflation

Foreign

UK’s inflation rate has dropped to 3.9 pct, lowest in more than 2 years

December 20, 2023December 20, 2023 - by cmedia

#UK, #INflation, #UKInflationRate IBNS: The British government’s inflation rate has dropped sharply to touch the lowest level figure of 3.9 percent, as per official data released on Wednesday (December 20, 2023). Data …

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South Asia/Southeast Asia/China

Massive increase of gas prices Pakistan as caretaker govt approves massive increase

November 2, 2023November 2, 2023 - by cmedia

#Pakistan, #PakistanGasPrice, #PakistanGasPriceInflation, #Inflation IBNS: Pakistan’s caretaker cabinet has approved a massive increase of up to 3,900 per cent in the fixed monthly charges, and 194 per cent in the consumer rates for …

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South Asia / SouthEastAsia/China

Sri Lanka registers a fall in its inflation rate to single digit in July

August 2, 2023August 2, 2023 - by cmedia

#Inflation, #SriLanka, #SriLankaInflation IBNS: Sri Lanka, the nation which fought a tough economic crisis in recent times, registered a fall in inflation rate as it reached the single-digit mark in July. The …

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South Asia / SouthEastAsia/China

Pakistan observing spike in inflation, touches 59 years figure

May 6, 2023May 6, 2023 - by cmedia

Islamabad/IBNS: Pakistan is witnessing a spike in inflation to touch a 59 years figure of 36.4 percent in April, a situation believed to be caused due to the government’s missteps …

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Canada / Finance/Business

Canada’s 2023 budget focuses on inflation, govt spending cuts, health, dental care, but leaves out housing

March 28, 2023March 28, 2023 - by cmedia

Ottawa/CMEDIA: A federal budget tabled by Finance Minister Chrystia Freeland on Tuesday addresses inflation, GST rebate for low-income Canadians, multi-billion-dollar tax credits to stimulate the clean energy sector, media reports …

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Canada / Finance/Business

Canada 2023 budget to balance investing in green energy, helping vulnerable, controlled spending

March 28, 2023March 28, 2023 - by cmedia

Toronto/CMEDIA: Canada’s Finance Minister Chrystia Freeland has warned Canadians that Tuesday’s budget will offer limited cost-of-living relief to the vulnerable and promote investements in green energy to address the U.S. Inflation Reduction …

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Finance/Business

US Federal Reserve has increased policy rate by 25 basis points

March 22, 2023March 22, 2023 - by cmedia

IBNS: The United States Federal Reserve has increased the policy rate by 25 basis points, resulting in a new range of 4.75% to 5%. The Federal Open Market Committee said …

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Finance/Business

UK’s new PM Rishi Sunak vows to confront ‘profound economic crisis’ amid 40-yr-high inflation

February 27, 2023February 27, 2023 - by cmedia

IBNS: Rishi Sunak, the former chancellor of the UK’s treasury has become the country’s Prime Minister after Liz Truss quit the role in just 45 days as 40-year-high inflation gripped …

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Finance/Business / Foreign

Bank of England hikes interest rate by 50 bps to 4 pc; warns of more hikes in future

February 2, 2023February 2, 2023 - by cmedia

London/IBNS: Bank of England raised interest rate by 50 basis points to 4 percent, the 10th increase since UK’s central bank started hiking in December 2021, bringing the key rate …

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Finance/Business / South Asia

Pakistan’s inflation spikes to a record high figure of 27.6 pct

February 1, 2023February 1, 2023 - by cmedia

Islamabad/IBNS: Pakistan’s annual inflation, measured by the Consumer Price Index (CPI), spiked to a decades-high level of 27.55 per cent in January, compared to 24.5pc in the previous month, media …

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