News Desk
Islamabad:Inflation in Pakistan has reached its lowest level in 6.5 years, according to the latest monthly report released by the Pakistan Bureau of Statistics.
The report reveals that the Consumer Price Index (CPI)-based inflation dropped to 4.9% in November 2024, down from 7.2% in October. On a year-on-year basis, inflation stood at 7.88%, a significant decline from 28.62% during the same period last year.
The sharp decrease in inflation is expected to ease the cost of capital for businesses and the industrial sector, potentially boosting economic activity. Analysts predict that this downward trend in inflation could contribute to improved financial stability and increased investor confidence in the coming months.
The government’s fiscal policies and improved supply chain management have been credited for the decline, though experts caution that sustained efforts will be required to maintain this momentum.
