Despite several unexpected external threats, the government beat its inflation target of 7.5% for the past fiscal year, recording 7.1% instead. Policymakers will undoubtedly be patting themselves on the back for bringing rampant inflation under control, and even managing the inflationary shock caused by the Iran War.

But a fall in the rate of inflation actually means that the pace of price increase has slowed down, and not that the prices have come down. No wonder the masses are still feeling the pinch because a lower........

© The Express Tribune