By: RadhakrishnaNS
Pakistan’s consumer price inflation slowed to 12.40% in February from the same month a year earlier, the statistics bureau said on Monday.
The bureau had recorded the CPI inflation at 14.56% in January, the highest in a decade.
Prices of 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.
Pakistan’s central bank in late January kept rates unchanged at 13.25%, citing strong inflationary pressures.
