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Consumer Price Inflation decreases by 8.5% in the month of April

Aizbah KhanWeb Editor

01st May, 2020. 06:14 pm
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Consumer Price Inflation decreases by 8.5% in the month of April

The economic impact of the coronavirus pandemic has led to a three-fold decline in interest rates but the inflation rate in Pakistan has depreciated to 8.5 percent in April.

According to data released by the Pakistan Bureau of Statistics, The Consumer Price Index (CPI) declined to 8.5 in April.

The Bureau stated that on a monthly basis, inflation in April was 0.8 percent lower than in March.

Minister for Development and Planning Asad Omar also tweeted in this regard and said “Consumer price inflation (cpi) fell to 8.5% in april. It’s the 3rd successive month of sharp decline in inflation, with CPI dropping by more than 6% in last 3 months. With the sharp reduction in petroleum prices on May 1, inshallah May inflation will be still lower.”

In April the price of  onions decreased 23 percent , chicken 22 percent, tomatoes 11 percent and milk 4.29 percent.

At the same time, prices of fresh vegetables and wheat declined by 4% and 3.29%, respectively, during the month.

Also Read: Ramadan 2020: Common man deprived from eating high-priced vegetables, fruits

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