May 8 , 2021
Year-on-year inflation showed a slight decline to 19.2pc last month, according to the monthly report released by the Central Statistical Agency. The rate is the lowest in three months and a decline from the 20.6pc rate registered during March 2021. The easing of the inflationary pressure occurred despite the strong increase in the cost of food and non-food items because of the busier market witnessed prior to the holiday season. Food inflation remained high, although it has declined from 22pc in March to 21.7pc last month. The recurrent increase in the prices of edible oil, butter, spices, coffee, and cereals has contributed to the surge in the price of food items. The non-food component of inflation declined by almost three percentage points to just 16pc in April 2021.
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