The Ministry of Finance has declared that the inflation rate in December fell to its lowest level by 80 months.
According to Express News, statistics published by the Ministry of Finance show that the inflation rate during the first six months of fiscal year 2024 was 7.2%, compared to 28.8% last year.
In December 2024, the inflation rate was recorded at 4.1%, marking the lowest level in 80 months.
The report emphasizes that the stability of the exchange rate, the fiscal discipline and the improved supply chains have played an important role in reducing inflation. In addition, the strict government actions against illegal currency companies, smuggling and hoarding have had a positive impact on the economy.
According to the Ministry of Finance, the sensitive price indicator (SPI) has shown a continuous decrease in the last four weeks of January 2025. In the week ending on January 23, 2025, the SPI registered a 0.77 decrease %.
The data also revealed that of the 51 elements, 12 saw a decrease in prices, 14 increases in experienced prices, while 25 elements remained stable.
The Economic Coordination Committee (ECC) had noticed the extraordinary increase in legumes and chicken prices in November. After government shares, the price of chickpeas decreased by RS 52.5 per kg, while the price of Moong Dal fell into RS 37.4 per kg.
The price of the chicken decreased by RS 20.1 per kg, and the price of a 20 kg flour bag fell at RS 1022.2. In the last four weeks, there was a significant reduction in tomato prices, potatoes, legumes, eggs and LPG.
According to the latest figures published by the Federal Statistics Office, government political measures, administrative actions and relief steps have effectively helped to control inflationary pressures.
