Inflation likely to increase: The Ministry of Finance has released the yearly profitable outlook report.
Daily Jang quoted the report as saying that remittances, exports, significances, earnings, non-tax income have increased, while financial deficiency and affectation have dropped, while the State Bank’s reserves have increased.
The report states that the affectation rate in March is likely to be 1 to 1.5 percent, while the affectation rate in April is anticipated to be 2 to 3 percent. The prices of sugar, dairy and vegetable oil painting increased in February, with the affectation of these particulars adding from 8.2 percent to 9.7 percent.
The report states that the affectation rate was recorded at 5.9 percent in 8 months, compared to 28 percent in the same period last financial time. From July to February, the product of large diligence dropped by 1.78 percent, while foreign investment increased by 11.8 percent on a periodic base.
Foreign investment declined by 67.5 percent in February, while remittances increased by 32.5 percent from July to February. Exports increased by 7.2 percent and significances by 11.4 percent in the current financial time, with a slight drop in the current account deficiency fat and rupee deprecation.