Pakistan's May inflation predicted below 13.5%, easing outlook for interest rate cuts.

Pakistan's inflation is predicted to stay below 13.5% in May, the Finance Division's monthly report suggests. The CPI for April was recorded at 17.3%, indicating a decrease of up to 4%. The easing inflation outlook boosts the prospects of interest rate cuts, which are considered vital for reviving Pakistan's economy. The report attributes the decline in inflation to improvements in the domestic supply chain of perishable items and staple food.

May 29, 2024
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