The Ministry of Finance said that the inflation rate in December fell to its lowest level in 80 months.
According to Express News, the statistics published by the Ministry of Finance show that the inflation rate of the first six months of the 2024 fiscal year was 7.2%, against 28.8% last year.
In December 2024, the inflation rate was recorded at 4.1%, marking the lowest level in 80 months.
The report stresses that the stability of the exchange rate, budgetary discipline and improved supply chains have played an important role in reducing inflation. In addition, the government’s strict actions against illegal exchange companies, smuggling and hoarding have had a positive impact on the economy.
According to the Ministry of Finance, the Sensitive Price indicator (SPI) has shown a continuous drop in the last four weeks of January 2025. During the week ending on January 23, 2025, the SPI recorded a drop of 0 , 77%.
The data also revealed that out of the 51 elements, 12 experienced a drop in prices, 14 experienced price increases, while 25 items remained stable.
The Economic Coordination Committee (ECC) had taken note of the extraordinary increase in prices for pulses and chicken in November. After the government’s actions, the price of chickpeas decreased by Rs 52.5 per kg, while the price of Moong Dal fell from Rs 37.4 per kg.
The price of chicken decreased by RS 20.1 per kg, and the price of a bag of flour of 20 kg fell from Rs 1022.2. Over the past four weeks, there has been a significant reduction in the prices of tomatoes, potatoes, legumes, eggs and LPG.
According to the latest figures published by the Federal Bureau of Statistics, government political measures, administrative actions and rescue stages have effectively contributed to controlling inflationary pressures.
