November CPI Inflation Drops to 4.9%, Lowest in 6.5 Years

Pakistan's Consumer Price Index (CPI) inflation rate has dropped to 4.9% in November, marking the lowest level in 6.5 years. This significant decline is attributed to the government's efforts to stabilize the economy. The previous month's inflation rate stood at 7.2%, indicating a substantial decrease. The likelihood of a rate cut by the central bank has increased, with many experts predicting a strong possibility of a reduction in interest rates. This development is expected to have a positive impact on the country's economic growth and may lead to increased investment and consumer spending. The government's economic stabilization efforts seem to be paying off, and this trend is likely to continue in the coming months.