Pakistan

Pakistan: Feb 2024 CPI expected at 23.4%

  • We preview CPI for Feb-2024 to slowdown 32bp MoM to 23.4% - lowest levels in 16 months (Oct-2022)

  • With a dip of 29bp MoM, Food inflation is expected to slow down to 19% YoY, substantially lower than 45% YoY during SPLY

  • Impact of high base effect becoming more pronounced from here onward is building a case for RIR to turn positive

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February 28th, 2024
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