Islamabad (TDI): Pakistan’s annual consumer price index inflation rate remained 7.2 per cent in October, according to data from the Pakistan Bureau of Statistics (PBS), up from 6.9pc in September month.
However, Pakistan’s CPI-based inflation slowed to 7.2% year-on-year in October 2024, compared to 6.9% in September and 26.8% in October 2023, per the Pakistan Bureau of Statistics.
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According to Reuters report, the 4MFY25 average inflation now stands at 8.7%, down from 28% in 4MFY24.
The inflation hit a historic high of 38pc last year and was at 26.8pc October 2023 before a meeting of the State Bank of Pakistan (SBP)’s Monetary Policy Committee meeting next week to review the policy rate, which stands at 17.5pc.
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The SBP had held off on aggressive monetary easing to achieve the goal of bringing inflation down to the medium-term target of 5 to 7pc in September 2025 and ensuring macroeconomic stability.
