The PML-N leader Shahid Khaqan Abbasi replaced Nawaz Sharif as his successor and governed the Country from August 1, 2017 to May 31, 2018. Inflation in PML-N’s third term:Year CPI Inflation 2014 8.6% 2015 4.5% 2016 2.9% 2017 4.1% 2018 3.9%During PML-N’s five years (2014-2018), the headline inflation measured by Consumer Price Index (CPI) remained on average at 4.8 percent. In the Fiscal Year 2016, the recorded 2.9 percent CPI inflation was the lowest in decades while the monthly inflation of 1.3 percent in September 2015 was the lowest since July 1993. As earlier indicated above while mentioning the data of inflation in Prime Minister Nawaz Sharif’s first two eras, inflation in Pakistan is caused by both external and internal factors. Inflation in PDM’s government:Month CPI Inflation (YoY) Major Factors April 2022 13.4% · Pakistani rupee’s depreciation against US dollar (33.86%) from April 11, 2022 to February 03, 2023.
Source: The Express Tribune February 16, 2023 18:56 UTC