Here’s why falling inflation rates don’t lead to a drop in prices
Economic terms like “disinflation” and “deflation” often confuse the public, and can oversimplify statistics to present an exaggerated success. Following the announcement of a 44-month low inflation rate in September, some in the government rejoiced, declaring victory over soaring prices. However, the reality is more nuanced. The monthly inflation rate
Weekly inflation drops further
Short-term inflation, measured by the Sensitive Price Index (SPI), fell for the third consecutive week, reaching 16.86% for the period ending August 8, according to Pakistan Bureau of Statistics data. This decline is primarily attributed to a high base effect from last year, though there was also a slight week-on-week
Pakistan inflation slows to three-year low
Pakistan’s headline inflation hit 11.1% year-on-year in July 2024, the lowest since November 2021, according to the Pakistan Bureau of Statistics (PBS). Moreover, month-on-month Consumer Price Index inflation rose by 2.1% in July 2024, compared to a 0.5% rise last month. However, urban CPI inflation stood at 13.2% year-on-year in
