Islamabad: The Pakistan Bureau of Statistics (PBS) on Wednesday announced that the country’s inflation rate had dropped from 12.4% in February to 10.2% in March, according to news sources. As per the publication, the bureau associated this decline to the recent drop in the prices of essential edible items for the second consecutive month.
Since July 2019, this is the first time that the inflation rate calculated by the Consumer Price Index (CPI) has registered a declining trend for two consecutive months. The factors responsible for this drop include the improved supply of edibles, and the reduced prices of energy items. The 10.2% inflation rate is the lowest figure calculated over the last seven months.
The figures collected from the
markets show that, even though they remained somewhat operational in the first
half of the March, it will be hard to do the same in April — due to the coronavirus
outbreak in the country.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
