Inflation rate in Pakistan continues to decline, says Asad Umar

ISLAMABAD: Minister for Planning and Development Asad Umar has said that the inflation rate in the country was declining.

According to Asad’s tweet, the Consumer Price Index (CPI) of January has been lowered down to 5.7%. Whereas, the core inflation rate is at 5.4 percent now, he said.

“The rate of inflation is lower today than when the PTI govt was formed”, said Umer.

Inflation continues to decline. Jan inflation (CPI) is down to 5.7%. Core inflation is at 5.4%. Last month (jul 2018) prior to PTI govt formation, CPI was 5.8% & core was 7.6%. The rate of inflation is LOWER today then when the PTI govt was formed. #PMIKECONPOLICYSUCCESS

— Asad Umar (@Asad_Umar) January 31, 2021

Earlier, Asad Umar discussed maintaining the momentum of China-Pakistan Economic Corridor for the completion of projects on time which will produce positive impact on Pak-China economic relations.

Moreover, the meeting was briefed on the overall progress of CPEC projects in Industrial Cooperation, Energy, Infrastructure, Gwadar, Science and Technology, Socio-Economic Development, Agriculture, Transport and Communications and issues faced in the implementation of these projects.