Hike in wheat support price could increase inflation: PIDE

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Observer Report

Islamabad

As the government mulls an upward revision in the minimum support price (MSP) for wheat, the Pakistan Institute of Development Economics (PIDE) has warned that any such move could lead to a further increase in inflation. The PIDE said that if the government sets Rs1,750 MSP per 40kg wheat bags, the move will increase inflation by 29 basis points (bps). It will increase by 22bps in case the government raised MSP to Rs1,650.

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