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Pakistan Economy: CPI to clock in at 13.3%YoY in May’24 amid easing food prices – By Spectrum Research

  • By: Spectrum Securities (Private) Limited

  • - Published: Thursday, 16 May 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Pakistan Bureau of Statistics is expected to announce the CPI for May '24 on June 3, 2024, and we anticipate the CPI to settle at 13.3% YoY and -1.9% MoM.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The improvement in food supply due to restrictions on exports has reduced prices in the local market. The government has taken strict measures to control food inflation by curbing smuggling and managing export quantities. Wheat prices are likely to reduce by 15% MoM, while prices for chicken, fresh fruits, onions, tomatoes, and spices have declined by 24% MoM, 12% MoM, 28% MoM, 22% MoM, and 6% MoM, respectively.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-...

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