The Ministry of Finance has stated that inflation in December fell to its lowest level of 80 months.
According to Express News, the statistics released by the Ministry of Finance show that the inflation rate in the first six months of the 2024 financial year accounted for 7.2% compared to 28.8% last year.
In December 2024, inflation was registered at 4.1%, marking the lowest level of 80 months.
The report emphasizes that the stability of the exchange rate, fiscal discipline and improved supply chains have played a significant role in reducing inflation. Furthermore, the government’s strict actions against illegal foreign companies, smuggling and hamstring have had a positive impact on the economy.
According to the Ministry of Finance, the sensitive price indicator (SPI) has shown a continuous fall in the last four weeks of January 2025. In the week ended on January 23, 2025, SPI recorded a decrease of 0.77%.
The data also revealed that 12 of the 51 goods, 12 were a decrease in prices, 14 experienced price increases, while 25 goods remained stable.
The Economic Coordination Committee (ECC) had noticed the extraordinary increase in prices of pulses and chicken in November. After government actions, the price of chickpeas fell by RS 52.5 per year. Kg, while the price of the Moong Dal fell with Rs 37.4 per Kg.
The price of chicken fell with Rs 20.1 per Kg, and the price of a 20 kg of flour bag fell with Rs 1022.2. In the last four weeks, there was a significant reduction in the prices of tomatoes, potatoes, pulses, eggs and LPG.
According to the latest figures released by the Federal Bureau of Statistics, the government’s political measures, administrative actions and emergency rids have effectively contributed to controlling inflation pressure.
