CPI Hits Record Low in December 2024 Pakistan’s Consumer Price Index (CPI) dropped to an 80-month low of 4.1% YoY in December 2024, the lowest since April 2018 (3.96%). This marks a sharp decline from 29.7% in December 2023 and 4.9% in November 2024, signaling a major easing of inflationary pressures. For the first half of FY25, average inflation …
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Addressing Food Security in Pakistan Amidst Double-Digit Inflation Food security remains a significant issue in Pakistan, where double-digit inflation strains households and the agriculture sector. Recent data from the Pakistan Bureau of Statistics (PBS) shows food inflation averaging over 35% in the first half of fiscal year 2024. This rise has weakened citizens’ purchasing power and exposed inefficiencies in crop …
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Pakistan’s annual inflation rate dropped to a 3.5-year low of 6.9%, largely driven by a favorable base effect and lower prices of non-perishable food items. This significant decline, reported by the Pakistan Bureau of Statistics (PBS) on Tuesday, opens up the possibility for the central bank to implement multiple interest rate cuts to stimulate the economy, which has been struggling …
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