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- The finance ministry projected inflation would slow to 5.8%-6.8% in November and ease to 5.6%-6.5% in December
- The South Asian country last month slashed interest rates by 250 basis points to help revive a sluggish economy
KARACHI: Pakistan’s annual consumer inflation slowed to 4.9% in November largely due to a high base a year earlier, the statistics bureau said on Monday, lower than the government’s forecast.
The finance ministry had projected inflation would slow to 5.8%-6.8% in November and ease to 5.6%-6.5% in December, it said in its monthly economic report published last week.
The South Asian country slashed interest rates by 250 basis points earlier in November to help revive a sluggish economy amid a big drop in the rate of inflation.
Consumer inflation cooled from 7.2% in October, a sharp drop from a multi-decade high of nearly 40% in May 2023.
Consumer prices in November rose +0.5% from October, according to the Pakistan Bureau of Statistics.