Pakistan’s inflation rate sinks to a low of 4.9 percent in November 2024, according to the PBS. The Consumer Price Index (CPI) increased by 0.5% on a monthly basis from 1.2%, registered in October. Average inflation for May’FY2025 stood at 7.88% down from 28.62% in the same period of FY2024, according to the Arif Habib Limited Research.
Read More: Understanding Inflation in Pakistan: What’s Driving the Price Surge?
In November 2008, the State Bank of Pakistan (SBP) reduced its interest rate by two and a half per cent. This year, the central bank has lowered the rates by 700 basis points and the benchmark now stands at 15% since June. According to Bloomberg, the rate will go down to 13.5% by June 2025. The Finance Ministry estimated the inflation rate for the month ending November between 5.8% and 6.8%. According to the IMF, for 2024, the consumer prices’ point figure of 9.5 is forecasted. Reduced food prices and moderate demand also played a key role in this sharp decline in inflation rates.
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