Inflation & Prices
Pakistan Inflation Eases as Record Rates Slow Living Cost Gains
- State Bank held policy rate at 22% for fifth straight meeting
- Pakistan heads into elections next week with high inflation
Shoppers in Karachi.
Photographer: Asim Hafeez/BloombergThis article is for subscribers only.
Pakistan’s inflation pace eased in January as record high interest rates had a greater impact on living costs fueled by higher energy prices and a weaker currency.
Consumer prices rose 28.34% from a year ago, according to data released by the Pakistan Bureau of Statistics on Thursday. That compares with a median estimate for a 27.7% gain in a Bloomberg survey and a reading of 29.66% in December.