Pakistan reports drop in inflation to 5.6%

Pakistan has reported a significant drop in inflation to 5.6 % for the month of January.

According to Pakistan Bureau of Statistics (PBS), Pakistan’s annual inflation rate has witnessed a significant drop and is reported to be at 5.65% for the previous month.

The drop in inflation rate is accompanied by a decrease in consumer price index (CPI) with reduced prices of vegetables, pulses, eggs, spices and chicken.

Previously, Pakistan’s inflation rate was recorded at 8%. Furthermore, CPI has reported a decrease of around 0.16% in urban areas and 0.29% for rural areas.

PM Imran Khan took to social media on Sunday, a day earlier to highlight country’s economic progress and improvement in financial indicators.