The Ministry of Finance has reported that inflation in the first six months of the fiscal year 2025 stood at 7.2%, a significant decline from 28.8% recorded last year. In December 2024, the inflation rate was recorded at 4.1%, marking the lowest level in 80 months (since April 2018).
According to the ministry’s statement, factors such as exchange rate stability, fiscal discipline, and improved supply chain management contributed to this decline in inflation. Additionally, strict actions against illegal foreign exchange companies, smuggling, and hoarding played a crucial role in achieving this milestone.
The statement also highlighted a consistent decline in the Sensitive Price Index (SPI) over the last four weeks of January 2025. In the week ending January 23, a 0.77% decrease was recorded. Out of 51 essential commodities, prices of 12 items decreased, 14 items saw an increase, while 25 items remained stable.
The Economic Coordination Committee (ECC) had taken notice of the unusual rise in prices of pulses and poultry in November. Following government interventions, the price of chickpeas dropped by PKR 52.5 per kg, black gram by PKR 37.4 per kg, poultry by PKR 20.1 per kg, and a 20 kg flour bag by PKR 1022.2. Over the past four weeks, significant reductions were recorded in the prices of tomatoes, potatoes, pulses, eggs, and LPG.
According to the latest statistics released by the Pakistan Bureau of Statistics, the government’s policy measures, administrative controls, and relief initiatives have been instrumental in effectively curbing inflationary pressures.
