ISLAMABAD – Minister for Planning, Development, and Special Initiatives Asad Umar on Friday said that the inflation rate in the country was showing a sharp decline for the last three months and the declining trend would continue in months to come.
“The Consumer price inflation (CPI) fell to 8.5% in April, this is the third successive month of a sharp decline in inflation, with CPI dropping by more than 6% in the last three months,” he said in a tweet.
Umar said with the sharp reduction in petroleum prices on May 1, the May inflation would be still lower
