Inflation slows to 12.4pc: PBS.
ISLAMABAD -- The country's consumer price inflation slowed to 12.40 per cent in February 2020 as compared to the same month of last year, the Pakistan Bureau of Statistics (PBS) said on Monday. The bureau had recorded the Consumer Price Index (CPI) inflation at 14.56 per cent in January, the highest in a decade. Prices of food itemssuch as pulses, fresh vegetables and wheat, which have been the main top drivers of inflation, saw a downward trend, the bureau i# s u c4t constituted the particular property, the existence of the particular property meant that section 579E(1)(b)(iv) of the Corporations Act was satisfied.ister for Economic Affairs Hammad Azhar on Monday also tweeted out the new figures released by the bureau, noting that the prices of essentials had decreased. 'The CPI inflation rate in the country has witnessed highest deceleration in a single month for some time. It has come down from 14.6 per cent in January to 12.4 per cent in February,' he said. The impact of food inflation was more pronounced in rural areas than in urban centres. On a monthly basis, the urban CPI recorded a decrease of 1.09 per cent while the rural CPI recorded a decrease of 0.97 per cent. Prices of food items such as pulses, fresh vegetables and wheat, which have been the main top drivers of inflation, saw a downward trend on a monthly basis, the bureau said. The items that showed an increase in prices during the month of...
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