• Thursday, April 18, 2024

Business

Pakistan annual inflation slows to over 10 per cent

(Photo: REUTERS/Akhtar Soomro/File Photo).

By: RadhakrishnaNS

Pakistan’s consumer price inflation slowed to 10.24 per cent in March from the same month a year earlier, the statistics bureau said on Wednesday.

The bureau had recorded the CPI inflation at 12.40 per cent in February.

Fuel and food items such as pulses, fresh vegetables and wheat, which have been the main top drivers of inflation, saw a downward trend, the bureau said.

Pakistanis have lately been under a tough squeeze on their household budgets with the highest inflation in January in over a decade.

Pakistan’s central bank cut interest rates twice to 11 per cent last week.

Pakistan Weekly

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