Rachel Reeves probably doesn’t need any reminders of the political and economic power of inflation. Her party’s landslide electoral victory in the summer was largely attributed to the presidential election Cost of living calamity. Donald Trump wins this week He highlighted this point, as his sweeping gains across all demographics are due to inflationary effects … Read more
The measures announced in the Budget will cost one of the UK’s largest supermarket chains £140 million, its chief executive said. Increase in employer National Insurance contributions, announced by the Chancellor Rachel Reeves In its budget last week, it will cost Sainsbury’s £140m as of April, said chief executive Simon Roberts. No price has been … Read more
Donald Trump’s victory was secured on an unequivocal promise to exhausted American families that he would “end inflation,” but markets and economists expect his second term to do the opposite. A combination of corporate tax cuts, government borrowing, lower immigration, and swinging tariffs on foreign imports is expected to heat the US economy and raise … Read more
American consumers are being pulled in two opposite directions right now: by rising prices that threaten consumption on one side, and by low unemployment and rising wages that are fueling growth on the other. But Bank of America predicts that the two forces, with the help of a push from the Fed, will reach an … Read more
Major decreases were observed in the prices of potatoes, tomatoes, vegetable ghee, cooking oil, eggs etc People buy dry fruits at a market in Karachi, Pakistan February 1, 2023. — Reuters Weekly inflation rises by 0.37% in week ending Dec 28. SPI increases to 43.25% YoY as compared to 42.6% last week. Major decreases observed in … Read more
Official data from the Pakistan Bureau of Statistics reveals that short-term inflation for the week ending on December 28 has increased to 43.25%, primarily influenced by a significant rise in gas rates. This marks the seventh consecutive week with weekly inflation above 41%. On an annual basis, notable increases were observed in the prices … Read more