Inflation rate average at 2.8 percent in last ten months


ISLAMABAD, Jun 2 (APP):The inflation rate, measured by the Consumer Price Index (CPI), averaged at 2.8 percent during July-April in Fiscal Year-2016 against 4.8 percent in the comparable period last year.
According to the Economic Survey unveiled by Finance Minister Ishaq Dar here on Thursday,the food inflation on average basis in July -April, FY 2016 is estimated at 2.1 percent and non-food 3.3 percent ,as against 3.6 percent and 5.7 in the correspondent period of last year.
CPI food items have declined trend in price of Rice, Onion ,Cooking Oil,Eggs and Vegetables Ghee.
Core inflation on average basis during July -April,FY 2016,stood at 4.1 percent against 6.9 percent last year.
Whole sale Price Index (WPI) during July-April, FY 2016,on annual average basis has recorded a decrease of 1.29 percent against increase of 0.03 percent in last.
The whole seller prices of non- food item,whose prices increased from previous year are matches, woolen carpets, pesticides,woven fabrics and timber.
Sensitive Price Indicator (SPI) recorded an increase of 1.8 percent during July-April FY 2016 against 2.1 percent last year.
Inflation has been contained during current fiscal years due to better supply position of essential items an regular monitoring of prices and supply chain by the National Price Monitoring Committee.