Pakistan's inflation rate hits a near-seven-year low of 4.1% in December, prompting interest rate cuts.

Pakistan's annual inflation rate dropped to 4.1% in December 2024, marking the lowest level in nearly seven years, according to the Pakistan Bureau of Statistics. Despite this decline, prices for some food items like tomatoes and potatoes increased significantly, as well as certain non-food items such as motor vehicle tax and footwear. The State Bank of Pakistan responded by lowering interest rates.

3 months ago
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