Halal Tamweel

Pakistan July CPI up 13.77 pct yr/yr

ISLAMABAD:Pakistan consumer price index (CPI), a key indicator of inflation, rose 13.77 percent in July from a year ago, the Federal Bureau of Statistics said on Tuesday.

The CPI was up 1.80 percent from June this year.

Using 2000/01 as the base year, the CPI index stood at 259.15 in July against 225.03 in June.

The main commodities prices that rose in July were: tomatoes (85.34 percent), chicken (18.65 percent) and eggs (14.65 percent).

Food and beverages rose 17.58 percent year on year.

The wholesale index rose 18.75 percent in July from a year ago, but decreased 0.64 percent from June.

The increase in year-on-year inflation is the highest since January this year, however going forward the month-on-month increase may not be too visible because of the base affect that will kick in." said Asif Qureshi, Director at Invisor Securities.-Reuters