Islamabad – Pakistan’s inflation increased at the lowest pace in 12 years in April, raising prospects for cut in key discount rate, as the country reaps benefit from the decline in the global oil prices over the past year.
The consumer price index (CPI) rose 2.1 percent year-on-year in April as compared to 2.5 percent in March and 9.2 percent in April, 2014, according to the data released by Pakistan Bureau of Statistics on May 4. The average inflation in the first 10 months of the current fiscal year was gauged at 4.81 percent.
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