Headline inflation dips to 6.9% in Sept, lowest since 2021

In Pakistan, the Consumer Price Index inflation rate dropped to 6.9% in September, the lowest since January 2021, due to various factors such as a high base effect, lower commodity prices, and a stable currency. This decrease has surpassed market expectations and has led to talks of further easing of monetary policy by the central bank. Analysts believe that disinflation will continue, giving the State Bank of Pakistan room to lower the policy rate even more. The country’s economic indicators have improved since last year, when a bailout from the IMF helped prevent a default.