Pakistan’s headline inflation reading clocks in at 28.3% in January – Markets

Pakistan’s headline inflation clocked in at 28.3% on a year-on-year basis in January, the Pakistan Bureau of Statistics (PBS) said on Thursday, marginally lower than the reading in December when it stood at 29.7%. On a month-on-month basis, the reading was up 1.8%.

This takes the July-January average inflation to 28.73% compared to 25.40% in the same period of the previous year.

The…