Live
- Nayini Rajender Reddy Addresses Press Conference at Hanumakonda Congress Office
- ‘Game Changer’ pre-release event in Dallas is a blockbuster
- NDMC Vice Chairman hits out at AAP's registration drive; labels it 'election gimmick'
- No place for Stokes as Root returns to England’s squad for India ODIs and Champions Trophy
- Kuwait bestows its highest honour 'The Order of Mubarak Al Kabeer' to PM Modi
- Kia to launch compact SUV 'Syros' in India next year
- Completely disagree: Swami Rambhadracharya on Mohan Bhagwat's 'Hindu leaders' remarks
- ISL 2024-25: NorthEast United aim to regain form against struggling Hyderabad
- CII seeks priority sector lending for new and emerging sectors
- Russia's missing An-2 plane found, all aboard alive
Pakistan's inflation soars to 5.8% in July
Pakistans Consumer Price Index CPI inflation soared to 58 per cent in July, up from 52 per cent in the previous month, thus registering a nearly fouryear high
Islamabad [Pakistan]: Pakistan's Consumer Price Index (CPI) inflation soared to 5.8 per cent in July, up from 5.2 per cent in the previous month, thus registering a nearly four-year high.
The current inflation rate, although less than figures estimated for the current fiscal, was fuelled by a rise in food inflation, recovery in global commodity prices including oil, consolidating domestic demand and depreciation of the rupee, The Dawn reported.
On an annual basis, the food inflation was up 3.5 per cent, and 0.6 per cent on a monthly basis.
The prices of non-perishable food items saw a marginal hike of 0.34 per cent, while that of perishable products increased by 2.3 per cent during the month.
Non-food inflation increased 7.4 per cent annually and 1.2 per cent on a monthly basis, on account of an increase in oil prices and the impact of a drop in exchange rates on consumers.
Meanwhile, core inflation was recorded at 7.6 per cent annually and 1.2 per cent on a monthly basis, excluding volatile food and energy prices.
