Unexpected drop in inflation rate, government hints at cheaper petrol – Business & Economy

The Department of Statistics has claimed an extraordinary reduction in the rate of inflation, the rate of increase in inflation was 17.3 percent in April, while Prime Minister Shehbaz Sharif declared the decrease in inflation as good news for the people and indicated further reduction in the price of petrol. gave

In a statement released by the Prime Minister’s Office, Prime Minister Shehbaz Sharif said that the lowest level of inflation in 2 years is a sign of economic improvement. are

The prime minister said that the rate of inflation has come down from 39 percent to 20 percent and now to 17 percent. Reduction in inflation is the first goal. With the grace of Allah, people will get more relief in economic activities.

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Shahbaz Sharif further said that the reduction in petrol prices will also give relief to the people as the prices of oil have come down in the global market.

Prime Minister Shehbaz Sharif directed that the provincial governments should take steps to reduce the prices of petroleum products and ensure the implementation of the official prices of food items.