Pakistan's June Inflation Rate Comes In at 11.1%
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Pakistan's annual inflation rate reached 11.1% in June, staying above the central bank's target range and marking the fourth consecutive month that consumer prices have exceeded the 5% to 7% goal.
The figures, published by the Pakistan Bureau of Statistics, underscore persistent cost pressures that complicate efforts to stabilize the economy as monetary authorities work to cool inflation.
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@steve_hanke#PAKWatch🇵🇰: Pakistan's inflation rate comes in at 11.1%/yr in June. This is ABOVE its target inflation range of 5-7%/yr. This is now the 4th consecutive month that Pakistan’s inflation rate has been ABOVE its target.