A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia's invasion of Ukraine, the United Nations Development Program said in a report Thursday. The UNDP estimates that 51.6 million more people fell into
Tag: inflation
SANEM skeptical about 5.6pc inflation target
The proposed budget for FY 2022-23 acknowledges the rising inflationary pressure, however, the expectation of limiting average inflation to 5.6% for the next fiscal is quite ambitious, given the current context and shifting global economic factors. South Asian Network on Economic Modeling (SANEM) came up with the observation while sharing its
Biden vows to check Russian aggression, fight inflation
Addressing a concerned nation and anxious world, President Joe Biden vowed in his first State of the Union address Tuesday night to check Russian aggression in Ukraine, tame soaring U.S. inflation and deal with the fading but still dangerous coronavirus. Biden declared that he and all members of Congress, whatever political
Inflation declines to 5.26 in May
The inflation rate declined by 0.30 percent in May, 2021 as it came down to 5.26 percent from 5.56 percent in April 2021. "The general point-to-point inflation rate in May 2021 fell to 5.26 percentage point," said Planning Minister MA Mannan on Tuesday while briefing reporters after the Ecnec meeting. He said
