The report reflects improved economic conditions, with a significant reduction in inflation compared to previous months.

Federal Minister for Information Congratulates Newly Elected Office Bearers of Kashmir Journalists Forum 

By Tasawer 

Islamabad, 1st January 2025 Posted by: The largest English Digital News Network

Federal Minister for Information, Attaullah Tarar, extended heartfelt congratulations to the newly elected office bearers of the Kashmir Journalists Forum (KJF). He commended Irfan Sadozai for being elected as President and Maqsood Muntazir as Secretary of the forum.

In his message, the Federal Minister highlighted that the Kashmir Journalists Forum serves as a strong voice for the people of Kashmir. He emphasized the forum's significant role in promoting the Kashmir freedom movement, spotlighting Azad Kashmir's political dynamics, and addressing public issues.

"Under the leadership of Irfan Sadozai and Maqsood Muntazir, the forum will reach new heights," said Attaullah Tarar. He expressed good wishes for the newly elected office bearers and their future endeavors.

For further details, visit www.wattsnews.online.

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Consumer Price Index (CPI) Monthly Report - December 2024

By Tasawer 

Islamabad, 1st January 2025 Posted by: The largest English Digital News Network

The Pakistan Bureau of Statistics has reported that the Consumer Price Index (CPI) inflation rate reached a record low of 4.1% in December 2024, marking the lowest level in 81 months.

Urban and Rural Inflation Breakdown

• Urban Areas: The CPI inflation rate recorded in December was 4.4%, compared to 5.2% in November and 30.9% in December of the previous year.

• Rural Areas: The CPI inflation rate stood at 3.6% in December, down from 4.3% in November and 27.9% in December 2023.

Key Indicators

• Sensitive Price Index (SPI): Decreased to 4.2% in December, compared to 7.3% in November and 35.3% in December of the previous year.

• Wholesale Price Index (WPI): Recorded at 1.9% in December, compared to 2.3% in November and 27.3% in December of the previous year.

Price Trends

Items with Price Decreases

• Chicken: -13.06%

• Gram Pulse: -6.94%

• Onions: -4.91%

• Tomatoes: -3.28%

• Spices: -2.60%

• Mash Pulse: -2.59%

• Besan: -2.55%

Items with Price Increases

• Potatoes: +12.42%

• Fresh Fruits: +8.84%

• Cooking Oil: +4.39%

• Sugar: +2.00%

• Eggs: +1.01%

Observations

Electricity tariffs saw a notable reduction of 5.68%, and construction material costs also fell slightly by 0.06%. On the contrary, the prices of potatoes, fresh fruits, and edible oils increased significantly.

The report reflects improved economic conditions, with a significant reduction in inflation compared to previous months.

For further details, visit www.wattsnews.online.