Pakistan EconomicOld School
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Inflation in Pakistan is expected to hover between 22.5 per cent and 23.5pc in March and to further ease in April, the finance ministry said on Friday in its monthly economic update.
The country has been struggling with high inflation and stunted growth for over a year, and in 2023 narrowly staved off default with a last-gasp, short-term International Monetary Fund (IMF) bailout programme.
The ministry’s report said the March inflation outlook was moderate despite a hike in fuel prices and the influence of the month of Ramazan, a traditional time for bulk buying by consumers and a spike in demand.
It also cited the high base effect for falling inflation numbers. In February, monthly inflation was recorded at 23.1pc, the lowest since June 2022.
The country has been struggling with high inflation and stunted growth for over a year, and in 2023 narrowly staved off default with a last-gasp, short-term International Monetary Fund (IMF) bailout programme.
The ministry’s report said the March inflation outlook was moderate despite a hike in fuel prices and the influence of the month of Ramazan, a traditional time for bulk buying by consumers and a spike in demand.
It also cited the high base effect for falling inflation numbers. In February, monthly inflation was recorded at 23.1pc, the lowest since June 2022.
