KABUL (SW): Officials at the Central Bank (Da Afghanistan Bank) informed Salam Watandar about a 3.52 percent decline in inflation in the first four months of the year.
In a conversation with Salam Watandar, Aimal Hashour, spokesperson for the Da Afghanistan Bank said that in the first four months of last year, the inflation rate stood at 5.41 percent; however, this year, it has dropped to 1.89 percent. If it is calculated monthly, it shows a very small inflation rate.
Hashour said the decline in the inflation rate is as a result of the devaluation of the national currencies of all countries, especially neighboring countries, against other currencies.
Hashour added that the currency exchange rate has also dropped in Iran, Pakistan, India, and China which has pushed the cost of exported goods to Afghanistan to be lower.
Meanwhile, according to a number of economic analysts, in the first quarter of the current solar year, the domestic value of AFN dropped by 11 percent compared to the first quarter of last year.
According to Da Afghanistan Bank statistics, from the first day of the Qaws month of last year (22 November 2017) until the second day of Jawza of this year (23 May 2018), the value of AFN against dollar has fallen by 3.9% which makes the imported goods cheaper for the consumers and pushes the inflation rate to decline further.
The economic experts believe that the decline in the inflation rate is to the advantage of the consumers, but those who have a fixed income will have lower purchasing power.
ENDS
