Islamabad, Oct 1: Inflation Rate Falls to Lowest Level in Nearly 4 Years. According to figures from the Pakistan Bureau of Statistics (PBS). Pakistan’s headline inflation rate dropped to 6.9 percent year over year in September 2024. Anotable decline from August’s 9.6 percent and the country’s second consecutive month in single digits.
This is the Inflation Rate Falls to lowest that Arif Habib Limited has seen in 45 months, or since January 2021. The Consumer Price Index (CPI) increased by 2.0 percent in September 2023 and by 0.4 percent the month before, but on a month-to-month basis, it declined by 0.5 percent in September 2024.
September 2024 saw a YoY increase in core inflation of 10.4%, compared to 11.9 percent in the previous month and 22.1 percent in September 2023, as determined by non-food, non-energy measures.
The average core CPI grew by 0.3 percent on a monthly basis in September 2024, up from a 0.5 percent increase in the previous month and a 1.6 percent increase in September 2023.
