Pakistan's inflation reaches 81-month low to 4.1pc

Islamabad: Prudent economic policies of the government have led to reduction in the inflation rate to the lowest level of 4.1 percent in eighty-one months.

According to Pakistan Bureau of Statistics, the consumer price index was recorded at 4.1 percent during the last month as compared to 49 percent in June last year. This marks a significant decline compared to the 29.7 percent inflation recorded in December 2023.

The wholesale price index was recorded at 1.9 percent last month, down from 2.3 per cent in June 2024 and 27.3 percent in December 2023.

Rates of chicken slashed by 13.06 per cent, fresh vegetables 2.27 percent, flour 0.99 percent, and rice by 0.50 per cent, while wheat products witnessed a decrease of 0.36 percent in their prices.

Besides, electricity cost also decreased by 5.68 percent, along with the prices of construction materials, which fell by 0.06 percent last month.

Prices of fresh fruits decreased by 8.84 percent, banaspati ghee 5.42 percent, cooking oil 4.39 percent, sugar two percent, and pulses by 0.20 percent, while the cost of milk products also saw a decline by 0.05 percent.

Meanwhile, international news agency, Reuters, has also acknowledged Pakistan's remarkable economic progress and a significant decrease in inflation under the incumbent government.