Inflation to further reduce in coming months, NPMC told.

ISLAMABAD -- A meeting of the National Price Monitoring Committee (NPMC) was held on Thursday with the federal Secretary Finance in the chair to discuss the prices of essential food and stock of supply of the essential items. The meeting held at the Finance Division was attended by the representatives from the provincial governments; the Islamabad Capital Territory; the ministries of Industries, Interior, Law and Justice, Planning Development and Special Initiatives, National Food Security and Research; the Federal Board of Revenue, the Competition Commission of Pakistan, the Pakistan Bureau of Statistics and the Utility Stores Corporation.

The meeting discussed the trend of Consumer Price Index (CPI)-a headline measure of inflation- and observed that the prices of food items such as pulses, fresh vegetables and wheat, which had been the main top...