Islamabad: The Finance Ministry has claimed that the inflation rate fell to an 80-month low in December.
According to Express News, according to data released by the Finance Ministry, the inflation rate in the first 6 months of the fiscal year 2024 was 7.2 percent, compared to 28.8 percent last year.
The inflation rate was recorded at 4.1 percent in December 2024, which is an 80-month low. According to the report, exchange rate stability, financial discipline and improved supply helped reduce inflation. Similarly, strict actions against illegal foreign exchange companies, smuggling and hoarding are also showing positive effects on the economy.
According to the Finance Ministry, the Sensitive Price Index (SPI) has continuously decreased in the last 4 weeks of January 2025. SPI recorded a decrease of 0.77 percent in the week ending January 23, 2025.
The data shows that out of 51 items, 12 items saw a decrease in prices, 14 items saw an increase in prices, while 25 items remained stable.
The Economic Coordination Committee (ECC) took notice of the unusual increase in prices of pulses and poultry in November. In addition, after government measures, the price of gram and gram flour decreased by Rs 52.5, dal mash by Rs 37.4 per kg. The price of chicken decreased by Rs 20.1 per kg, and the price of a 20 kg bag of flour decreased by Rs 1022.2. In the last 4 weeks, there has been a significant decrease in the prices of tomatoes, potatoes, pulses, eggs and LPG.
According to the latest data released by the Federal Bureau of Statistics, government policy measures, administrative measures and relief measures have proven to be helpful in effectively controlling inflationary pressures.
