AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Pakistan’s inflation rate has dropped to 4.1 percent, marking its lowest point in 81 months, due to the government’s economic policies.
According to Ministry of Information and Broadcasting, the consumer price index was recorded at 4.1 percent last month, a substantial decline from the 49 percent reported in June of the previous year and 29.7 percent in December 2023.
The wholesale price index also saw a reduction, recorded at 1.9 percent last month, down from 2.3 percent in June 2024 and 27.3 percent in December 2023. Key commodities experienced price decreases, with chicken prices falling by 13.06 percent, fresh vegetables by 2.27 percent, flour by 0.99 percent, and rice by 0.50 percent. Wheat products showed a price decrease of 0.36 percent.
Electricity costs decreased by 5.68 percent, and construction materials’ prices fell by 0.06 percent. Prices of fresh fruits decreased by 8.84 percent, banaspati ghee by 5.42 percent, cooking oil by 4.39 percent, sugar by two percent, and pulses by 0.20 percent. Milk products also saw a slight decline in cost by 0.05 percent.