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business
Saturday May 01 2021
By
Reuters
,
Web Desk

Pakistan inflation rate rises to 11.10% in April: PBS

By
Reuters
,
Web Desk
A vendor waters the vegetables at a stall in Islamabad, Pakistan July 4, 2019. — Reuters/File

  • An increase in prices of vegetables, fruits and meat causes the latest hike in inflation.
  • Price rises have been hitting country’s poor, who are struggling with economic fallout from the pandemic.
  • Consumer Price Index rate rises to 11.10% in April, up from 9.1% in the previous month.


ISLAMABAD: Pakistan Bureau of Statics (PBS) said Saturday the country's annual consumer price inflation (CPI) clocked in at 11.1% in April, up from 8.5% in the same month last year.

The CPI was recorded at 9.1% last month, according to the PBS.

Prime Minister Imran Khan has made several changes to his economic team in the past last month, aiming to bring in policies to control inflation that has been on an upward trend.

An increase in prices of vegetables, fruits and meat caused the latest hike in inflation, the statistics bureau said. The price rises have been hitting the country’s poor, who are also struggling with the economic fallout from the pandemic.

The General Inflation (%). — PBS

The CPI inflation Urban increased by 11.0% in April 2021 as compared to an increase of 8.7% in the previous month and 7.7% in April 2020, the PBS said.

CPI inflation Rural increased by 11.3% in April 2021 as compared to an increase of 9.5% in the previous month and 9.8% in April 2020, it added.