Owing to an increase in petrol and food prices, inflation measured through the Consumer Price Index (CPI) surged to 27.26 per cent year-on-year (YoY) in August, Pakistan Bureau of Statistics’ (PBS) data revealed on Thursday.
Inflation in urban and rural areas increased to 26.24pc and 28.70pc year-on-year respectively while the CPI showed an increase of 2.45pc on a month-on-month basis. The annual inflation was measured at 24.93pc last month.
The CPI inflation had clocked in at 8.4pc in August last year.
Index-wise increase in inflation YoY:
Economic experts believe that August inflation was the highest since 1973-1974. Prices of fruits and vegetables have soared across the country with the monsoon deluge disrupting supply.
Inflation in urban and rural areas increased to 26.24pc and 28.70pc year-on-year respectively while the CPI showed an increase of 2.45pc on a month-on-month basis. The annual inflation was measured at 24.93pc last month.
The CPI inflation had clocked in at 8.4pc in August last year.
Index-wise increase in inflation YoY:
- Transport: 63.08pc
- Perishable food items: 33.85pc
- Non-perishable food items: 28.25
- Housing and utilities: 27.57pc
- Restaurants and hotels: 27.43pc
- Alcoholic beverages and tobacco: 25.78pc
- Furnishing and household equipment maintenance: 21.86pc
- Recreation and culture: 21.78pc
- Miscellaneous goods and services: 19.97pc
- Clothing and footwear: 17.63pc
- Health: 11.89pc
Economic experts believe that August inflation was the highest since 1973-1974. Prices of fruits and vegetables have soared across the country with the monsoon deluge disrupting supply.