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Finance & Markets

SPI-based inflation rises 0.65%

The Sensitive Price Indicator (SPI)-based weekly inflation increased by 0.65 percent during the week ended on September 3, for the combined consumption group, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to PBS data, the SPI for the week under review rose to 363.42 points from 361.07 points recorded in the previous week. […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

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More in Finance & Markets

Oil prices post sharp weekly gains as US-Iran hostilities disrupt supply

OIL prices rose on Friday, posting substantial weekly gains as renewed military exchanges between the United States and Iran entered the seventh month of the conflict, while US diesel prices reached a…

  • US-Iran hostilities disrupt oil supply routes
  • Brent crude rises 76 cents to $92.68 a barrel
  • Diesel prices hit record high of $5.85 a gallon

Nigeria’s Foreign Reserves Are Not Piggy Bank

• Why calls on Cardoso to spend the buffer miss the point Thompson Eme When Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso addressed the BusinessDay CEO Forum in Lagos, he

  • Foreign reserves surged from $3B to $40B in two years.
  • Not a piggy bank for general funding or fiscal buffer.
  • Purpose is to stabilize economy and manage forex needs.

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