Pakistan Economy: CPI expected at 17.1% in Apr-24 – By IIS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Inflation is projected to reach 17.1% YoY in Apr-24 vs 20.7% in Mar-24. On MoM basis, inflation is estimated to decrease at 0.5%, following a 1.7% increase in Mar-24. The decline on MoM basis is mainly due to lower wheat prices and downward FCA adjustment (6.8%) and high base effect in the month of Apr&rsquo;24.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As inflation remains significantly below the PR and the gap between the PR and CPI is poised to widen to its largest extent in approximately 57 months (or around 5 years), SBP finds itself with ample space to initiate monetary easing. However, ongoing discussions with the IMF prioritize economic adjustments and austerity measures, which are ...