Pakistan's consumer price inflation decreased to 17.3% in April, the lowest in nearly two years, and below the finance ministry's expectations. This marks a significant improvement from inflation rates above 20% since May 2022, reaching a peak of 38% in May 2023. The recent decline is attributed to a slowdown in food inflation. Pakistan's central bank kept its key interest rate unchanged at 22%, aiming to bring inflation down further, and the IMF approved $1.1 billion in funding, noting that inflation is expected to reach around 20% by end-June.
