Inflation increases to 3.4pc in August

Islamabad

Consumer Price Index (CPI) on year-on-year basis during August 2017 witnessed an increase of 3.4 per cent as compared to the same month of previous year. On month-on-month basis, the inflation was recorded at 0.19 per cent in August 2017 as compared to July 2017, according to data released by Pakistan Bureau of Statistics (PBS) on Tuesday. The Wholesale Price Index (WPI) during the month increased by 1.0 percent while the Sensitive Price Indicator (SPI) witnessed negative growth of 0.1 percent. It is pertinent to mention that PBS collects the retail and the wholesale prices and computes the CPI and WPI on monthly basis while the SPI is calculated on weekly basis. The CPI for food and non-alcoholic beverages increased by 2.25 per cent as compared to the same month of last year. Similarly, the CPI for non-perishable food items increased to 1.71 per cent, clothing and footwear 3.93 per cent, housing, water, electricity, gas and other fuels 5.3 per cent, furnishing and household equipment maintenance 2.58 per cent, health 12.47 percent while the CPI for transport increased by 2.65 percent.—APP

Share this post

PinIt
    scroll to top