Consumer price based-inflation (CPI) moderated to 4.83% in April from 4.85% in March, mainly driven by petroleum-related commodity groups like fuel and light, transport and communication services, as per the data shared by the Ministry of Statistics and Program Implementation.

• However, food inflation remained a concern as it stood elevated at 8.7% in April in comparison with 8.5% in March.
• On a year-on-year basis, inflation is higher in April 2024, as it stood at 4.7% with food inflation being much lower at 3.84%.
• Meanwhile, core inflation has also fallen to 3.2%, the lowest in the 2012 base CPI series.