Pakistan’s annual consumer price inflation rate slowed to 9.6 per cent in August, the first single-digit reading in almost three years, reported Pakistan Bureau of Statistics (PBS) showed on Monday.
The monthly inflation rate was 0.39 per cent, the PBS said.
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The data showed that urban inflation increased by 11.7 per cent while rural inflation increased by 6.7 per cent in August.
In July, inflation had risen to 11.1 per cent on a YoY basis as compared to an increase of 12.6 per cent in the month of June and 28.3 per cent in July 2023. In May, it had hit 11.8 per cent — a 30-month low.
Earlier, Prime Minister Shehbaz Sharif had expressed satisfaction over a falling rate of inflation and improvements in other economic indicators.
