Pakistan annual inflation slows to 10.24% y/y in March- statistics bureau
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Pakistan's consumer price inflation slowed to 10.24% 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% 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% last week.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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