Monthly inflation surges 1.32 per cent in July


ISLAMABAD: Monthly inflation of the country increased by 1.34 per cent in July as compared to the previous month, Pakistan Bureau of Statistics (PBS) Director General Arif Cheema told the journalists here on Monday.

The annual inflation rate during July 2016 remained 4.12 per cent as compared to the same month last year.  He said that similarly in July, the Wholesale Price Index (WPI) based inflation increased by 2.34 per cent while the Sensitive Price Index increased by 1.32 per cent.

Arif Cheema said the main cause of the increase in inflation rate during the month was sharp increase of perishable food items.

The food items which increased during the month included tomatoes (98.22 per cent), bottle Gourd (78.10 per cent), bitter gourd (53.00 per cent), courgettes (52.01 per cent), tinda (26.50 per cent),  lady finger (70.33 per cent), garlic (23.73 per cent), brinjal (23.50 per cent), potatoes (17.45 per cent), gram whole yellow (13.03 per cent), eggs (8.89 per cent), gram flour (5.87 per cent), pulse gram (5.63 per cent), sugar (3.60 per cent) and house rent (1.74 per cent).

Likewise, prices of the food items which decreased during July, 2016 as compared to same month of last year included lemon (21.44 per cent), plum (14.81 per cent), bananas (8.09 per cent), chicken farm (4.51 per cent), mango (4.49 per cent), iron bar (2.35 per cent), gas cylinder (1.16 per cent), pulse moong (0.93 per cent), ginger (0.93 per cent), pulse mash (0.88 per cent) and vegetable ghee (0.77 per cent).

Source : Agencies


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