Pakistan’s Headline Inflation Decelerates to 11.8% in May 2024: A Positive Indicator for Investment
In a significant development, Pakistan’s headline inflation decelerated to 11.8% on a year-on-year basis in May 2024, marking the lowest reading in 29 months. This decline, reported by the Pakistan Bureau of Statistics (PBS), is a substantial drop from April’s inflation rate of 17.3%. On a month-on-month basis, the inflation rate fell to -3.2%. This […]