KARACHI: The Pakistan Bureau of Statistics has stated that annual inflation of Pakistan declined 3.24 per cent in February from 3.96 per cent in January as the fuel prices remained low.
On a month-on-month basis, prices rose 0.92 per cent in February.
Average inflation in the period from July to February was 5.45 per cent.
Falling fuel prices were a major contributor to the decline in prices, said Shaukat Khan, the director of the bureau of statistics.
Another factor responsible for the decreased inflation rate is the slashing of the interest by the State Bank to a 10-year low in January.
The International Monetary Fund had also predicted that the Average inflation will ease to below 8pc in fiscal year 2014-15 and fall further thereafter, as inflation expectations will be anchored by tight monetary policy and sustainable fiscal policy.
Petrol prices in Pakistan likely to decline
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