Inflation drops to 17% in April 2024

BusinessInflation drops to 17% in April 2024

ISLAMABAD, Pakistan: The Consumer Price Index (CPI) inflation dropped to 17.3 percent in April 2024, marking the lowest reading in 23 months.

The statistics released by the Pakistan Bureau of Statistics (PBS) showed that the CPI inflation increased to 17.3 percent on year-on-year basis in April 2024 as compared to an increase of 20.7 percent in the previous month and 36.4 percent in April 2023.

   

While on a month-on-month basis, it decreased to 0.4 percent in April 2024 as compared to an increase of 1.7 in the previous month and an increase of 2.4 percent in April 2023.

On a year-on-year basis, the prices of following food items were increased such as Onions (156.16%), Tomatoes (126.67%), Condiments and Spices (46.3%), Gur (35.99%), Chicken (33.62%), Beans (29.64%), Fish (28.41%), Pulse Mash (25.32%), Fresh Vegetables (25.08%), Beverages (24.60%), Dry Fruits (24.01%), Meat (22.18%), Milk Powder (21.26%), Sweetmeat (21.09%), Pulse Masoor (19.67%), Readymade Food (17.26%), Pan Prepared (16.14%), Sugar (15.06%), Nimco (14.43%), Milk Products (13.28%), Bakery and Confectionary (13.09%), Wheat Products (11.49%), Rice (10.78%), Butter (10.31%), Milk Fresh (10.26%), Potatoes (9.67%) and Pulse Moong (9.62%).

Whereas food items which prices witnessed a decrease included Cooking Oil (20.86%), Vegetable Ghee (17.75%), Mustard Oil (15.41%), Fresh Fruits (13.85%), Wheat (10.95%), Wheat Flour (4.72%), Eggs (3.55%) and Gram Whole (0.39%).

The decline in the inflation rate decline follows a decrease from 20.7 percent in March 2024, a development that marks a positive stride towards enhancing the Country’s economic stability.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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