Monday, 02 December 2024, 09:48:47 pm


 
Inflation rate drops to 4.9% in November, lowest in 6.5 years
December 02, 2024

The inflation rate has decreased to 4.9 percent last month, which is the lowest reading in the six and half years.

According to the Pakistan Bureau of Statistics, the inflation in October this year was 7.2 percent.

Such low pace of inflation is likely to result in more monetary easing, leading to further decline in cost of capital for businesses and industries, and higher savings on debt servicing for the government ensuring improved fiscal balance in the coming months. 

According to Bloomberg, the inflation may decrease further in next few months due to contained demand and improved food supplies.

Food costs eased 0.24 percent last month from a year ago, compared with 0.92 percent increase in October.