Annual inflation lowered to 12.4pc in year on year comparison from last February: PSB

Pakistan’s consumer price inflation (CPI) slowed to 12.4 per cent in February from the same month a year earlier, Pakistan Statistics Bureau said on Monday.

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The bureau had recorded the CPI inflation at 14.56pc 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 13.25pc, citing strong inflationary pressures.

REUTERS.

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