{"id":65231,"date":"2020-05-09T10:00:00","date_gmt":"2020-05-09T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65231"},"modified":"2020-05-08T16:07:23","modified_gmt":"2020-05-08T11:07:23","slug":"pakistans-consumer-price-index-drops-lowest-value-nine-months","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistans-consumer-price-index-drops-lowest-value-nine-months.html","title":{"rendered":"Pakistan&#8217;s Consumer Price Index drops to lowest value in nine months"},"content":{"rendered":"\n<p>Islamabad: Pakistan\u2019s Consumer Price Index (CPI) registered a drop to its lowest value of 8.50% in nine months in April, a news source reported. The Pakistan Bureau of Statistics has stated that this reading is 1.70% lower than the one recorded in March (which stood at 10.50%).<\/p>\n\n\n\n<p><strong>Read<\/strong>:<a href=\"https:\/\/www.zameen.com\/news\/inflation-rate-in-pakistan-dropped-by-2-in-march-pbs.html\" target=\"_blank\" rel=\"noreferrer noopener\"> Inflation rate in Pakistan dropped by 2% in March: PBS<\/a><\/p>\n\n\n\n<p>According to details, the CPI had lowered due to the overall slowdown in economy in the wake of the COVID-19 pandemic. The PBS added that while prices fruits, meat, pulses, sugar, and medicines increased, those of vegetables, wheat, tomatoes, milk, and petroleum products fell.<\/p>\n\n\n\n<p>On the other hand, Minister for Planning &amp; Development Asad Umar said that April was the third consecutive month for decrease in consumer inflation. He expects the trend to continue since the petroleum prices decreased on May 1.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/inflation-declining-february-president.html\" target=\"_blank\" rel=\"noreferrer noopener\">Interest rates, inflation to start declining in February: President Alvi<\/a><\/p>\n\n\n\n<p>Meanwhile, the International Monetary Fund (IMF) predicts Pakistan\u2019s CPI to rise to 11.1% during the going year and decrease to 8% in 2021. The Asian Development Bank (ADB) anticipated the CPI to rise to 11.5% this year and fall to 8.3% next year when food prices stabilise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan\u2019s Consumer Price Index (CPI) registered a drop to its lowest value of 8.50% in nine months in April, a news source reported. The Pakistan Bureau of Statistics has stated that this reading is 1.70% lower than the one recorded in March (which stood at 10.50%). Read: Inflation rate in Pakistan dropped by 2% in March: PBS According to details, the CPI had lowered due to the overall slowdown in economy in the wake of the COVID-19 pandemic. The PBS added that while prices fruits, meat, pulses, sugar, and medicines increased, those of vegetables, wheat, tomatoes, milk, and petroleum products fell. On the other hand, Minister for Planning &amp; Development Asad Umar said that April was the third consecutive month for decrease in consumer inflation. He expects the trend to continue since the petroleum prices decreased on May 1. Read: Interest rates, inflation to start declining in February: President Alvi Meanwhile, the International Monetary Fund (IMF) predicts Pakistan\u2019s CPI to rise to 11.1% during the going year and decrease to 8% in 2021. The Asian Development Bank (ADB) anticipated the CPI to rise to 11.5% this year and fall to 8.3% next year when food prices stabilise.<\/p>\n","protected":false},"author":68,"featured_media":60038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[28627],"persona":[],"class_list":{"0":"post-65231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-details-on-pakistans-consumer-price-index-drops-to-lowest-value-in-nine-months","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan&#039;s Consumer Price Index drops to lowest value in nine months - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan\u2019s Consumer Price Index (CPI) registered a drop to its lowest value of 8.50% in nine months in April, a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistans-consumer-price-index-drops-lowest-value-nine-months.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan&#039;s Consumer Price Index drops to lowest value in nine months - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan\u2019s Consumer Price Index (CPI) registered a drop to its lowest value of 8.50% in nine months in April, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistans-consumer-price-index-drops-lowest-value-nine-months.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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