Business
May 2, 2021
ISLAMABAD: Annual consumer inflation increased to 11.1 percent in April from 9.1 percent in March due to rise in prices of food and energy posing a downside risk to the economic growth recovering from the pandemic challenges, official data showed on Saturday.
On month-on-month basis, consumer price index (CPI) inflation increased by 1 percent in April 2021 as compared to an increase of 0.4 percent in the previous month and a decrease of 0.8 percent in April 2020.
Prices of food with nearly 35 percent weight in CPI basket increased 15.9 percent year-on-year in April. Mainly, the food inflation was driven by non-perishable food prices that rose 18.36 percent. Prices of housing, water, electricity and fuels increased to 9.68 percent year-on-year in April compared to 0.51 percent in March.
Annual consumer inflation increases to 11.1% in April
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Annual consumer inflation shoots up to 11.1% in April from 9.1% in March.
The April outrun is in contrast to the government’s forecast.
CPI inflation increased by 1% in April 2021 as compared to an increase of 0.4% in the previous month.
ISLAMABAD: Due to a rise in prices of food and energy posing a downside risk to the economic growth recovering from the pandemic, the annual consumer inflation has shot up to 11.1% in April from 9.1% in March,
The News, citing official data, reported on Sunday.
The April outrun is in contrast to the government’s forecast, as the Ministry of Finance expected inflation to remain between 8 - 9.5% in April.
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