The Federal Reserve’s mission is to maintain “stable prices,” but Chair Jerome Powell’s take on that may seem surprising: He doesn’t really care if people pay more for stuff. Instead,…
When the West rolled out its unprecedented price cap on Russian oil late last year, it hoped to starve Moscow of much-needed revenue while minimising the impact on other countries.…
Higher borrowing costs are leading to fewer US home sales, but prices are staying elevated in a holdover from the torrid peak-pandemic market. In November, existing home sales were down…
The World Bank’s latest Pakistan Development Update released in October 2022 highlights the rapid rise in inflation in Pakistan over the past year, and aptly identifies its key drivers: *…
The government has increased petroleum prices by Rs30 per litre. The increase is uniform against all products. There was much talk about some subsidy mechanism for the poor (motorcycles and…
Energy plays a pivotal role in any nation’s economic development and there are many different sources of it, including natural gas, solar electricity, nuclear power, biomass and biofuels, wind energy,…
Oil prices go up and down. Now gas prices are also linked with oil prices. While lower oil prices go unnoticed and without affecting the economies of the developing countries…
The rouble's exchange rate is close to fundamentally justified levels, Russian Economy Minister Maxim Oreshkin said on Friday, having warned earlier this year that it was too strong. Speaking at…
Unfortunately, we have three imported coal power plants now with a combined capacity of 3960 MW and a fourth one that has yet to be installed, taking the total to…
Food prices have been rising rapidly in the last few months. According to the Consumer Price Index (CPI), the inflation rate in food prices was only 1.4 percent in the…
