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Pakistan Inflation Slows To 9.5% In April

The central bank slashed interest rates three times in recent weeks to 9% to help cushion the impact on businesses and households of the coronavirus pandemic.

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Pakistan's consumer price inflation rate eased to 9.5% in April from a year earlier, the statistics bureau said on Friday.

Consumer inflation was 10.24% in March.

A steep drop in fuel prices, which followed a decease in food items such as fresh vegetables, milk and wheat, which have been the main top drivers of inflation, saw a downward trend, the bureau said.

Pakistanis have been facing a tough squeeze on household budgets with the highest inflation in January in over a decade.

But price rises have been slowing down significantly in the last three months.

The central bank slashed interest rates three times in recent weeks to 9% to help cushion the impact on businesses and households of the coronavirus pandemic.

(Reuters)


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pakistan inflation Covid 19