Word: inflationitis
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Pakistanis have been grumbling about rising inflation for more than a year now, but in the past few months the sticker shock has grown much worse. Wheat prices have jumped by more than 20% since November, driven up by rising global prices as well as local hoarding ahead of the...
In Pakistan, where at least 25% of the country's 169 million people live in poverty, government subsidies have helped keep the prices of some items down. Islamabad spends some $2 billion on fuel subsidies, for instance. Sadly for ordinary Pakistanis and for the incoming government, the country's rapidly...
Mindful that the worst may be yet to come, the State Bank of Pakistan is ratcheting up interest rates, though it still expects inflation "to remain high" through the rest of 2008. That won't impress vegetable vendor Faiz Mohamed, 50, who says that Pakistan's economic success in the...
Economic analysts place the blame for the shortages elsewhere - specifically on the price controls imposed by the government. The analysts say the controls have destabilized the marketplace. Milk producers, for example, may find it hard to break even selling fresh milk at official prices; and so they find profits by...
Chavez's harangues also have their effect. "Controls of these economic variables can work [to combat inflation]," says Orlando Ochoa, an economist and opposition sympathizer. "However, if you add an aggressive political speech [that threatens] private property... then things become worse, because the private sector becomes reluctant to invest and...