Inflation started to come under control. Inflation rate in the country decreased slightly on monthly basis.
The authorities claimed to have put a brake on the high rate of inflation. According to the Bureau of Statistics, inflation in April was recorded at 17.3 percent, with a decrease of 0.4 percent. Inflation rate in March 2024 was 20.7% while in April 2023 it was at a high level of 36.4%. The average inflation rate from July to April of this financial year was 25.97 percent. Inflation in urban areas decreased by 0.1 percent to 19.4 percent and in rural areas by 0.9 percent to 14.5 percent.
According to the Bureau of Statistics, onion became cheaper by 15.8%, vegetables by 12%, wheat by 10.44% and wheat flour by about 10% in urban areas in the month of April. Tomato prices decreased by 6.23 percent and eggs by 4.30 percent. The prices of pulses, lentil, sugar, fruits, besan, jaggery, spices and dry fruits also decreased slightly, but live broiler chicken became expensive by 21.38%, fish by 2.5%, meat by 2%. Prices of milk powder, bakery items, dal mash, rice and milk products also recorded an increase.
On annual basis, food items became expensive by 9.67%, perishable food items by 28.51%. Housing, water, electricity, gas and fuel prices increased by 35.67% in one year. Health facilities became expensive by 18.61% and education by 15.40%. Transport fares increased by 12.48%.
