According to the Pakistan Bureau of Statistics (PBS), the high base effect, loosening commodity and energy markets, and a stable currency caused Pakistan’s Consumer Price Index (CPI)-based inflation to fall to 6.9% year-over-year in September 2024, the lowest since January 2021. It had previously been 9.6% in August.
In September, there was a 0.5% monthly decline in inflation compared to a 0.4% increase in August, according to PBS data that was made public on Tuesday.
August saw the nation’s annual consumer price inflation rate drop to 9.6%, the lowest reading in single digits in over three years. This decline has been attributed by analysts mostly to the currency’s stability over the previous 12 months.
