Pakistan’s inflation drops to 4.1%, reaching 81-month low: PBS
ISLAMABAD: Prudent economic policies implemented by the government have resulted in a significant reduction in the inflation rate, which has fallen to its lowest level in 81 months, at 4.1%.
According to the Pakistan Bureau of Statistics, the consumer price index (CPI) was recorded at 4.1% last month, a sharp decline compared to the staggering 49% in June last year and the 29.7% inflation rate recorded in December 2023.
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The wholesale price index (WPI) also showed a downward trend, falling to 1.9% last month from 2.3% in June 2024 and 27.3% in December 2023.
Notable price reductions include:
- Chicken: Decreased by 13.06%
- Fresh vegetables: Declined by 2.27%
- Flour: Reduced by 0.99%
- Rice: Dropped by 0.50%
- Wheat products: Fell by 0.36%
Additionally, electricity costs dropped by 5.68%, while construction material prices saw a slight reduction of 0.06%.
The prices of essential food items also experienced considerable declines:
- Fresh fruits: Down by 8.84%
- Banaspati ghee: Reduced by 5.42%
- Cooking oil: Decreased by 4.39%
- Sugar: Dropped by 2%
- Pulses: Declined by 0.20%
- Milk products: Slight reduction of 0.05%
These reductions reflect the government’s focus on stabilizing the economy, controlling inflation, and easing the financial burden on citizens.
