Pakistan inflation at lowest level in two years: report ...palestine

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Inflation in Pakistan was recorded at 5.7% in January, which is the lowest in two years, according to the IM Securities. It was 14.6% in January 2020 and 8% in December 2020. The urban consumer price index (CPI) or inflation fell to 5.0% in January from 7% in December. The rural inflation dropped to 6.6% in January from 9.5% in December. “Urban and rural food inflation of 7.3% and 7.2% in January respectively, is at the lowest level they have been since July 2019,” the IM Securities said in a research report. “This was possible because the government addressed recent supply issues in wheat and sugar through imports and major perishable items are down 20% year on year.” But th

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