South Korea’s inflation falls to 2% target
CPI inflation, which remained at 1.9 percent in March 2021, reached its peak at 6.3 percent in July 2022. It dipped to 2.4 percent in July 2023, before rebounding and again…
CPI inflation, which remained at 1.9 percent in March 2021, reached its peak at 6.3 percent in July 2022. It dipped to 2.4 percent in July 2023, before rebounding and again…
Prime Minister Shehbaz Sharif expressed satisfaction over the single-digit inflation rate, attributing the achievement to the hard work of the government’s economic team.
Finance Minister Lekey Dorji clarified that even if the government were to reduce taxes, it might not lead to a decrease in vehicle prices due to other influencing factors. These…
Traders in the supply chain denied any responsibility, with retailers blaming wholesalers, who blamed mill owners, who subsequently blamed farmers for raising prices of…
The rate of increase in the consumer price index (CPI) was slightly below the expectations of market observers, who had projected a 2.1% increase, according to a Reuters poll.
The decrease was primarily driven by decrease in prices of communication, housing and utilities, recreation, transport, and education, the National Statistics Bureau stated.
Farmers and fishers’ groups have lambasted the lower funding in 2025 for the Department of Agriculture’s fuel subsidy program, which provides a P3,000 one-time allowance to…
The positive rate of inflation in July 2024 is primarily due to increase in the prices of food articles, manufacture of food products, mineral oils, crude petroleum & natural gas,…
Part of the reason was a nationwide supply chain disruption caused by weeks of deadly protests that led to the fall of the Sheikh Hasina-led government.
While overall inflation for the first seven months of 2024 is expected to be a modest 0.11%, the Trade Policy and Strategy Office warns that fluctuations in oil, food and service…