World Economy

Pak CPI Rises

Pak CPI RisesPak CPI Rises

Consumer price index in Pakistan year-on-year increased by 3.93% during June 2017 as compared to the same month of the last year, APP reported. On month-on-month basis, the inflation witnessed a decline of 0.41% in June 2017 over May 2017, said chief statistician at Pakistan’s Bureau of Statistics Asif Bajwa in Islamabad on Monday. Presenting monthly inflation data during a press conference,  Bajwa said average CPI based inflation during the year 2016-17 (July-June) increased by 4.16% compared to the same period in the previous year. Meanwhile according to data released by the PBS on Monday, during the month of June 2017, the prices of bananas, apples, tomatoes, potatoes and eggs increased by 29.29%, 10%, 9.41% and 8.25% respectively over last month (May). Whereas, items which witnessed decrease in their prices during the month include cigarettes (23.84%), mangoes (18.49%), plums (30.95%), lemon (17.47%), bitter gourd (9.8%) and petrol (1.62%).

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