{"id":20629,"date":"2024-12-02T14:55:29","date_gmt":"2024-12-02T09:55:29","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=20629"},"modified":"2024-12-02T14:55:33","modified_gmt":"2024-12-02T09:55:33","slug":"pakistans-inflation-declines-to-4-9-in-nov-lowest-in-6-years","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2024\/12\/02\/pakistans-inflation-declines-to-4-9-in-nov-lowest-in-6-years\/","title":{"rendered":"Pakistan\u2019s inflation declines to 4.9% in Nov, lowest in 6 years"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Pakistan\u2019s inflation rate slowed to 4.9% in November &#8211; marking the lowest price rise since April 2018 &#8211;&nbsp; according to the latest data from the Pakistan Bureau of Statistics (PBS).<\/strong><br><br>The figure is well within the central bank&#8217;s target range of 5-7%, offering a glimmer of relief to consumers after a prolonged period of high inflation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The consumer price index (CPI) reading for November represents a significant decline compared to 7.2% in October 2024 and a staggering 29.2% in the same month last year. While market expectations had anticipated a slight dip to 4.7%, the actual reading was marginally higher at 4.9%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The data revealed that the average yearly inflation for the first five months of FY25 stands at 7.94%, a sharp decline from 28.62% recorded during the same period in FY24.<br><br>Every month, CPI rose by 0.5% in November, compared to 1.23% in October and 2.7% in November 2023, indicating a more gradual increase in prices over the past month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan\u2019s inflation rate slowed to 4.9% in November &#8211; marking the lowest price rise since<\/p>\n","protected":false},"author":1,"featured_media":20630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[215,19],"tags":[],"class_list":["post-20629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-pakistan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - 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