Pakistan’s headline inflation in September was 31.4%, according to the Pakistan Bureau of Statistics (PBS). This is much higher than the previous month’s inflation rate of 27.4%. On a monthly basis, the inflation rate increased by 2%.
So far in the first quarter of fiscal year 2024, the average inflation rate is 29.04%, compared to 25.11% in the same period of the previous year.
Topline Securities, a brokerage house, noted that this inflation reading is in line with market expectations.
More information will be provided later.
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