Finally, there has been inflation in Pakistan for a very long time. After four months, in September Pakistan’s inflation rose for the first time. This occurred after the Pakistan government had hiked the fuel prices in Pakistan so that it could meet the International Monetary Fund conditions for the $3 billion bailout program. This is really great news in Pakistan right now. And this news is viral on Twitter (X) this time. Now consumer prices have jumped to 31.44% in the last month from the start of this year. Read this entire article without missing anything to know about every single thing about this great inflation news.
Pakistan’s inflation rose for the first time in four months. This happened after the fuel prices were raised in Pakistan, this has been done by the Pakistan government. It has been done so they can meet the International Monetary Fund conditions for an ongoing bailout program of $3 billion. As per the data from the Pakistan Bureau of Statistics, in September, it has been reported that Consumer prices have now jumped to 31.44%. In August, 27.4% was notched by the reading exceeding the median estimate and increased by 30.95% in the Bloomberg survey. Scroll down to the next paragraph of this article.
According to the source, the policymakers have a case to increase the benchmark policy rate in the upcoming meeting which is on the 30th of October 2023. From June to now the record interest rates have cooled prices. In October, it is expected that the central...
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