Summary The prices of green vegetable, tomatoes and potatoes and even chicken fell down sharply
WEB DESK (Dunya News) - Inflation rate for the outgoing month is expected to be slower as compared to March with commodity prices of green vegetable and other kitchen items suffering some erosion.
Dunya News when asked twelve research analysts belonging to brokerage house and other financial institutions revealed that the inflation rate for April will likely to stay around 4.34% which would be lowered from March level to 4.94 percent.
According to analysts, the prices of several commodities which played pivotal role at inflation basket registered downward movement.
The prices of green vegetable, tomatoes and potatoes and even chicken fell down sharply.
This has been a good omen for inflation rate as it has shown resistances and if May rate remain at same level interest rate, the review likely to remain silent.
The benchmark interest at 5.75 percent had already been at 42 years low level.
