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Pakistan inflation falls to 3.24 per cent in February on year
REUTERS UPDATED about a minute ago
KARACHI: Pakistan's annual inflation fell to 3.24 per cent in February from 3.96 per cent in January, the Pakistan Bureau of Statistics said on Monday, with the key factor being a fall in fuel prices.
On a month-on-month basis, prices rose 0.92 per cent in February.
Average inflation in the period from July to February was 5.45 per cent.
Also read: SBP slashes interest rates to 10 year low
Falling fuel prices were a major contributor to the decline in prices, said Shaukat Khan, the director of the bureau of statistics.
Also read: Oil price plunge to depress credit demand
Another factor responsible for the lower inflation rate is the lowering of the interest by the State Bank to a 10-year low in January.
Also read: IMF predicts 5% growth for Pakistan, reduction in inflation
The slash in the interest rate had followed a previous decrease announced in November 2014.
The International Monetary Fund had also predicted that the Average inflation will ease to below 8pc in fiscal year 2014-15 and fall further thereafter, as inflation expectations will be anchored by tight monetary policy and sustainable fiscal policy.
REUTERS UPDATED about a minute ago
KARACHI: Pakistan's annual inflation fell to 3.24 per cent in February from 3.96 per cent in January, the Pakistan Bureau of Statistics said on Monday, with the key factor being a fall in fuel prices.
On a month-on-month basis, prices rose 0.92 per cent in February.
Average inflation in the period from July to February was 5.45 per cent.
Also read: SBP slashes interest rates to 10 year low
Falling fuel prices were a major contributor to the decline in prices, said Shaukat Khan, the director of the bureau of statistics.
Also read: Oil price plunge to depress credit demand
Another factor responsible for the lower inflation rate is the lowering of the interest by the State Bank to a 10-year low in January.
Also read: IMF predicts 5% growth for Pakistan, reduction in inflation
The slash in the interest rate had followed a previous decrease announced in November 2014.
The International Monetary Fund had also predicted that the Average inflation will ease to below 8pc in fiscal year 2014-15 and fall further thereafter, as inflation expectations will be anchored by tight monetary policy and sustainable fiscal policy.
