September 2, 2026
Headline inflation rose to 11.1pc year-on-year in August from 9.2pc in July, driven by food and energy, with rural inflation at 12.2pc against urban 10.4pc, Pakistan Bureau of Statistics data shows.
The State Bank of Pakistan (SBP) cut its policy rate by 200 basis points to 17.5 percent on Thursday as gauge and core inflation fell more than expected over the past two months. The rate cut will take effect from September 13, 2024. The SBP’s Monetary Policy Committee (MPC) attributed this decision to the fall in global oil and food prices and the delay in the expected hike in administrative energy prices. The central bank, however, warned of potential risks linked to global economic instability and domestic energy adjustments, urging a cautious approach to future monetary policies. Inflation eased to
Islamabad: Pakistan’s annual inflation rate eased to 9.6 percent in August, the lowest level in nearly three years, due to a higher base effect and lower prices for non-perishable food items. However, there was a notable double-digit acceleration in the prices of other basic goods. The Pakistan Bureau of Statistics reported on Monday that inflation slowed to 9.6 percent in August compared to the same month last year. This is the slowest rate since October 2021 when it was recorded at 9.2%. Details show that the decline in inflation is attributed to higher inflation rates in August last year and
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
