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Inflation and devaluation

IN December 2023, consumer prices were 29.7 per cent higher compared to December a year earlier. Worse still, every month for more than a year our year-on-year inflation number has been above…

Spurt in inflation

The Pakistan Bureau of Statistics (PBS) has released the estimate of the rate of inflation in the national Consumer Price Index in September 2023. There is a visible spurt. It…

Taming inflation: pushing the boulder uphill

According to a recent survey, inflation and poverty are the biggest issues in Pakistan. No one could have any doubts about the findings. The question is: what are the drivers…

Dip in the rate of inflation

There is finally some good news on the rate of inflation. The month of June has witnessed a big dip in the rate of inflation in the CPI of 8.6…

High inflation rattles UK home loan market

Britain’s retail lenders are withdrawing fixed home-loan products, as elevated inflation sparks fears of more Bank of England interest rate hikes and worsens the cost-of-living crisis. UK banks mostly offer…

Climate change, debt, and inflation

“If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not a personal, private experience,” says historian Adam Tooze. “This…

Causes of the rising inflation

The rate of inflation, as measured by the Consumer Price Index (CPI), has been persistently rising since September 2022, on a year-to-year basis. It was 23.2 percent in September 2022…

Inflation: permanent or transitory?

The Fed has been much derided for its 2021 characterisation of the spike in inflation being ‘transitory’ – to the extent that Mohamed El-Erian asked ChatGPT to write a poem…

Options to address rising inflation

The SBP (State Bank of Pakistan) is trying to check inflation through just one instrument, the interest rate, based on the theological belief that the issue is demand, ignoring other,…