ISLAMABAD: Pakistan’s inflation rate has fallen to its lowest level in 6.5 years, according to data issued by the Pakistan Bureau of Statistics (PBS).
Pakistan’s annual consumer inflation rate dropped to 4.9 per cent in November 2024.
The lowest inflation rate since April 2018 is less than the government’s forecast and what experts predicted.
The finance ministry had forecasted inflation to come down to a range of 5.8 per cent-6.8 per cent.
Consumer prices rose by just 0.5 per cent from October to November, showing moderate growth. The average inflation rate for the first five months of the fiscal year (starting July 1) is recorded at 7.9 per cemt, a considerable improvement compared to 28.6 per cent for the same period last year.
Separately, gold prices in Pakistan decreased by Rs1,700 per tola on Monday, the first trading day of the last month of 2024, reaching Rs274,500 per tola.
According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10 grammes of gold was sold at Rs235,340 after it recorded a decrease of Rs1,457.
The price of silver metal remained stable at Rs3,400.
