ISLAMABAD – A decrease in the prices of vegetables, pulses, eggs, spicesand chicken helped bring down the consumer price index.
As per a Reuter’s report, urban CPI recorded a decrease of 0.16% whilerural CPI recorded a drop of 0.29%. As compared to the 8% inflation rate inthe previous month, Pakistan’s annual inflation rate dropped down to 5.65%in January, the bureau of statistics said on Monday.
A decrease in the prices of vegetables, pulses, eggs, spices and chickenhelped bring down the consumer price index, the bureau said.
It said the urban CPI recorded a decrease of 0.16%, while the rural CPIrecorded a drop of 0.29%.
Read Top Stories
A day earlier, Prime Minister Imran Khan shared “more good news on theeconomic front” with the nation, referring to the lowering of coreinflation and the consumer price index (CPI).
The premier took to Twitter to announce that the government’s efforts tobring down inflation were bearing fruit. “More good news on the economicfront. Our efforts to reduce inflation are now showing results. Consumerprice index & core inflation are both now lower than when our governmentwas formed,” he said.
