Abb Takk News

Pakistan Inflation Rate Rises To 5.83 Percent In July

Islamabad (August 01, 2018): Pakistan’s annual inflation rate increased to 5.83 percent in July from 5.21 percent a month earlier, the state Bureau of Statistics said on Wednesday, surging to its highest level since September 2014.

Rising petrol prices and four devaluations of the rupee since December were the main reason for the multi-year inflation high, the bureau said.On a month-on-month basis, the inflation rate stood at 0.94 percent in July.

Food items such as tomatoes, potatoes and onions, as well as air and bus fares, were the main reason behind the increase in month-on-month prices.

Related News:

Inflation Bomb on Citizens, Prices of Over 23 Products Hikes

Inflation Rate Increased By 6% In This Week