People should benefit from lower inflation: Aurangzeb
Finance Minister Muhammad Aurangzeb on Saturday said the benefits of the reduction in inflation should be transferred to the people and the Economic Coordination Committee of the Cabinet (ECC) has taken new steps to monitor the situation.
Pakistan’s consumer price index (CPI) inflation rate maintained a sharp deceleration trend on Thursday, hitting a three-decade low of 0.7 per cent year-on-year (YoY) in March.
The current situation in Pakistan reflects disinflation, which signifies a slowdown in inflation. In contrast, deflation occurs when the general price levels decline.
Addressing a news conference in Islamabad on Saturday, Aurangzeb said: “[The benefits of] the reduction in inflation should be passed on to the people. The ECC is taking steps to reduce inflation.
