ISLAMABAD Prime Minister Shehbaz Sharif expressed happiness over the “nosediving of inflation rate” in the nation and claimed that the government’s financial team’s diligent work is causing the economy to move closer to stability.
The prime minister stated on Sunday, citing data from the Pakistan Bureau of Statistics (PBS), that the “Consumer Price Index” reached a historic low in July 2024, raising inflation to 11%, and he applauded the prediction of additional inflation rate declines in September.
In the meantime, the Ministry of Finance said in its monthly outlook report that inflation is predicted to stay between 9.5 and 10.5% in August and then drop to 9 to 10% in September due to stability in economic indicators.
