October 16, 2026
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Tag : Inflation

News

Pakistan bears largest share of rising MENAAP poverty

omandailynews.com
– Pakistan accounts for about 48% of people living in extreme poverty across the Middle East, North Africa, Afghanistan and Pakistan region, according to the World Bank’s October 2026 economic update. The measure uses the international extreme poverty line of...
Business

South Korean inflation reaches 2.9 percent annual growth

omandailynews.com
Persistent gains in fresh agricultural produce and energy commodities pushed South Korea’s September inflation rate to an annual 2.9 percent growth rate. Macroeconomic filings published by Statistics Korea confirm that severe weather patterns during the summer months disrupted national crop...
Uncategorized

China keeps loan prime rates steady through September 2026

omandailynews.com
China left its benchmark lending rates unchanged in September, extending a period of stable borrowing costs. The one-year loan prime rate remained at 3.0%, while the over-five-year rate stayed at 3.5%. Banks commonly use the longer-term benchmark when pricing mortgages....
News

Pakistan inflation rises as food and education gaps persist

omandailynews.com
Government price cuts are failing to reach many shoppers in Lahore, where retailers continue charging well above official rates. The gap covers chicken, vegetables and fruit across several markets. Consumers are facing the increases as Pakistan deals with renewed inflation...
Business

South Korea inflation quickens to 3.1% as costs climb

omandailynews.com
South Korea’s consumer prices rose 3.1% in August from a year earlier, official data showed. The increase accelerated from 2.8% in July and returned headline inflation above 3%. The consumer price index reached 120.05, with 2020 set as the base...
Business

Denmark inflation slips to 1.7% with core rate steady

omandailynews.com
Denmark's annual consumer price inflation eased to 1.7% in July from 1.9% in June, official data showed. Statistics Denmark said the consumer price index rose 1.3% from June. Core inflation was 2.3%, unchanged from the previous month. Restaurants and hotels...
Business

Gold clears $4,400 while US inflation data takes focus

omandailynews.com
Gold advanced for a third consecutive session on Tuesday as bullion extended its rebound from last week. Spot gold gained 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5. U.S. gold futures climbed 1.7%...
Business

OECD inflation eases to 4.2% as lower energy rates take hold

omandailynews.com
Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in...
Business

UAE economy extends global rise on strong 2026 data

omandailynews.com
ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment, reinforcing its position as one of the region’s fastest-growing economies. Releases published in the first...
Business

Bank of Korea keeps rate at 2.5% for seventh hold

omandailynews.com
SEOUL: The Bank of Korea held its benchmark interest rate at 2.50% on Friday, extending a pause that began in July 2025 and marking a seventh straight policy meeting without a change, as policymakers weighed rising inflation pressure, weaker growth risks and heightened...