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Pakistan inflation drops to 9.5pc in April

Pakistan inflation drops to 9.5pc in April

ISLAMABAD: Pakistan’s consumer price inflation rate eased to 9.5% in April from a year earlier, the statistics bureau said on Friday.

Consumer inflation was 10.24% in March. A steep drop in fuel prices, which followed a decease in food items such as fresh vegetables, milk and wheat, which have been the main top drivers of inflation, saw a downward trend, the bureau said.

Pakistanis have been facing a tough squeeze on household budgets with the highest inflation in January in over a decade. But price rises have been slowing down significantly in the last three months. The central bank slashed interest rates three times in recent weeks to 9% to help cushion the impact on businesses and households of the coronavirus pandemic.