inflation seen slowing to 5.8 percent-6.8 percent in November, ministry says

Reuters
A shopkeeper waits for customers at a market in Karachi, Pakistan on January 10, 2022. (AFP/File)
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  • Inflation may further slow to 5.6 percent-6.5 percent in December, says ministry
  • Pakistan slashed interest rates by 250 basis points earlier in November

KARACHI: Inflation in Pakistan is expected to slow to 5.8 percent-6.8 percent in November, and then further to 5.6 percent-6.5 percent in December, the finance ministry said in its monthly economic report on Wednesday.

The South Asian country slashed interest rates by 250 basis points earlier in November in a bid to revive a sluggish economy amid a big drop in the rate of inflation.

Inflation clocked in at 7.2 percent in October, a sharp drop from a multi-decade high of nearly 40 percent in May 2023.

Topics: inflation in Pakistan inflation rate in pakistan Pakistan inflation