Inflation falls to a 2.5-year low
Islamabad: Inflation suddenly fell to a near two-and-a-half-year low of 11.8% in May due to falling food prices and some correction in fuel prices, opening a window for the central bank to adjust its monetary policy by cutting interest rates significantly in June 10. The Pakistan Bureau of Statistics (PBS) reported on Monday that the measured consumer price index (CPI) registered 11.8 percent in May compared to the same month a year ago. In addition to the high base effect, the real fall in food prices has helped reduce inflation to a level that the government and independent economists had
