Inflation slowdown brings relief, reaches lowest in six years

The inflation rate fell to 4.9% in November 2024, reaching its lowest level in six and a half years, as per recent data.

According to a report by Samaa News on Monday, during the first five months of the current fiscal year, average inflation dropped significantly from 28.62% to 7.88%, reflecting substantial macroeconomic improvements.

Urban areas experienced a notable reduction, with inflation stabilizing at 5.2%. Economists credit this decline to strategic policy measures and effective management of consumer price pressures.

Key drivers of this moderation include lower food and transportation costs. The sustained drop in inflation is expected to ease financial burdens on consumers and foster a more stable economy.

Policy initiatives have played a pivotal role in achieving this milestone.

Financial experts caution that maintaining this progress will require ongoing strategic monetary and fiscal policies. The State Bank of Pakistan and economic policymakers are expected to monitor developments closely and adjust strategies to build on these gains, ensuring long-term economic resilience.