ISLAMABAD: The National Assembly was informed on Tuesday that inflation has come down to 1.9 percent while food inflation is one percent and non-food inflation is 2 percent.
This was stated by Parliamentary Secretary for Finance Rana Mohammad Afzal while responding to a resolution that government should take steps to control the price-hike in the country. The House is transacting private members’ business.
He said the government controlled the price-hike through an effective monitoring policy while it is also being monitored in regular Economic Coordination Committee (ECC) Meetings.
He said the provincial governments also, through district price control committees, monitor price-hike in their respective provinces.
He said due to decrease in petroleum prices in the international markets and some other international factors price of cooking oils has reduced by 12 percent, potato by 25 percent while price of rice has also been decreased. He added that the price of steel has shown a considerable decrease.