Trend marks the lowest inflation in nearly four years and the third consecutive month of single-digit inflation
Islamabad: Pakistan's inflation has hit a four-year low but pressure remains. Analysts say that the interest rates need to be cut as high interest rates could stifle growth.
According to the details, Pakistan's inflation rate in October 2024 increased slightly to 7.17 percent from 6.93 percent in September, but it is quite different from the level of 26.89 percent a year ago.
The trend marks the lowest inflation in nearly four years and the third consecutive month of single-digit inflation.
According to the Pakistan Bureau of Statistics, inflation averaged 8.67 percent for the first four months of the fiscal year, sharply lower than 28.45 percent in the same period last year.
Economists are cautiously optimistic about Pakistan's easing of inflation, but concerns remain over the central bank's tight monetary stance. The real interest rates have been positive since March.
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