Pakistan inflation eases for second month in a row
Pakistan government data released today shows Inflation hit a record 38% in May but the central bank kept the key interest rate at 22% in a bid to stabilise prices. – EPA pic, August 1, 2023.
PAKISTAN’s headline inflation eased for the second month in a row in July, government data released today showed, but a fuel price hike announced overnight could see a fresh rise in August. Year-on-year inflation was 28.3% compared with 29.4% in June, the Bureau of Statistics said in its monthly report, with food prices the driving factor.
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