Islamabad (TDI): Prime Minister Shehbaz Sharif is pleased with the country’s historic low inflation rate in December 2024.
According to a statement from the Prime Minister’s Office (PMO), PM Shehbaz expressed satisfaction over the inflation rate falling to an 81-month low.
“It is ominous that the inflation rate reduced to 4.1% in December 2024,” the prime minister was quoted as saying.
Read More: Inflation in Pakistan Drops to Lowest in 81 Months
“We are aware of the problems of the people; we worked day and night to solve their problems. God willing, the lives of the people will improve further,” he added.
His statement comes hours after the Pakistan Bureau of Statistics (PBS) released the inflation data for December.
According to PBS, the wholesale price index fell to 1.9% in December 2024, down from 2.3% in June and 27.3% in December of the previous year.
Read More: PM Hopeful of Achieving Economic Targets in 6 Months
Key consumer items saw significant price cuts. For instance, chicken prices fell by 13.06%, fresh vegetables by 2.27%, flour by 0.99%, and rice by 0.50%, while wheat goods saw a decline of 0.36%.
Other significant price reductions included an 8.84% decline in fresh fruit prices, a 5.42% drop in banaspati ghee, a 4.39% drop in cooking oil, and a 2% drop in sugar costs. Pulses dropped 0.20% in price, while milk products fell 0.05%.
