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The falling rate of inflation

The last few months have witnessed a major drop in the rate of inflation as measured by the Consumer Price Index. According to the Pakistan Bureau of Statistics, it was…

Inflation: what the govt is doing wrong?

Inflation for the current year, so projected the then finance minister Ishaq Dar in his 9 June 2023 budget speech, would be 21 percent for 2023-24 – revised upward to…

Dip in the rate of inflation

There has been a visible and welcome slowdown in the rate of inflation in February 2024. The year-to-year rate of inflation has come down from 28.3% in January to 23.1%…

Outlook for inflation

The statement released recently by the Monetary Policy Committee of the SBP (State Bank of Pakistan) indicates that the policy rate will remain unchanged at 22%. This decision apparently takes…

Inflation and devaluation

IN December 2023, consumer prices were 29.7 per cent higher compared to December a year earlier. Worse still, every month for more than a year our year-on-year inflation number has been above…