The latest economic shifts in Pakistan, as the Federal Bureau of Statistics reported in May 2024, indicate an inflation rate reduction of 3.2% and a yearly decrease of 11.8%.
For May 2024, the inflation rate decreased to 3.2%, and the annual rate declined to 11.8%. The Consumer Price Index (CPI) inflation rate in May stood at 11.76%, a notable drop from 17.34% in April.
Over the past year, the annual inflation rate fell to 11.8%, down from 25.5% recorded between July and May, an improvement from 29.1% during the corresponding period last year.
The report highlighted a rise in prices for onions, tomatoes, spices, cotton clothing, transport services, and electricity over the year. Conversely, the prices of chicken, wheat, liquid fuel, and motor fuel decreased in May.
