Pakistan's Inflation Rate Hits Nearly Two-Year Low

Pakistan's Inflation Rate Hits Nearly Two-Year Low

By
Farah Siddiqui
1 min read

In Pakistan, the inflation rate has decreased for the third consecutive month, reaching its lowest level in nearly two years due to record borrowing costs impacting economic growth and domestic demand. Consumer prices rose by 20.68% compared to a year ago, according to data released by the Pakistan Bureau of Statistics. This rate is significantly lower than the 23.06% recorded in February. The decrease in inflation is indicative of the impact of borrowing costs on the overall economy and consumer spending.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings