In May 2023, Pakistan’s consumer price index (CPI) inflation hit an all-time high of 38 per cent. Today, it stands at 4.9pc — a seemingly remarkable feat considering the country was at the precipice of a default last year before it clinched a last-minute International Monetary Fund (IMF) bailout. A Reuters report... read full story
"You have to understand that price levels have not gone down, inflation has gone down which only means that the rate at which prices were increasing has fallen,"