Annual inflation rate drops after touching 49-year high: PBS report

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ISLAMABAD: The annual inflation report in the country has dropped after experiencing a 49-year high this year, the Pakistan Bureau of Statistics (PBS) reported. The annual inflation rate in the country dropped to 23.18% in September, the PBS report shows. The inflation rate was 27.26% in August, dropping to 1.15% in September. PBS reported that the rate of inflation dropped by 21.% in urban areas, and by 0.3% in rural areas. The rate was 26.1% in rural, and 21.2% in urban areas, it added. Sensitive Price Index (SPI) inflation on YoY increased to 28.6% in Sep 2022 as compared to an increase of 34.0% a month earlier and an increase of 16.6% in Sep 2021. DNA