Pakistan’s headline inflation reading clocks in at 29.7% in December – Markets

Pakistan’s headline inflation clocked in at 29.7% on a year-on-year basis in December, the Pakistan Bureau of Statistics (PBS) said on Monday, marginally higher than the reading in November when it stood at 29.29%. On a month-on-month basis, the reading was up 0.8%.

This takes July-December average inflation to 28.79% compared to 25.02% in the same period of the previous year.

The inflation…