Fatman17
Moderator

The recent drop in Pakistan’s inflation rate from a jaw-dropping 38 percent in May 2023 to a nine-year low of 2.4 percent in January 2024 is being hailed as a victory. But to whom does this victory belong? To the policymakers flashing charts in air-conditioned boardrooms, or to the ordinary Pakistani struggling to afford a meal? If one were to step outside the realm of economic jargon and examine what’s happening on the ground, it becomes clear that the official statistics tell only half the story. A shallow celebration of disinflation misses the much graver reality: the devastation of purchasing power over the past five years is so severe that it may take a decade to undo the damage.
Falling inflation, rising misery https://www.brecorder.com/news/40346752
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