KARACHI, PAKISTAN : Pakistan's consumer price index (CPI) rose 31.5 per cent in the month of February year-on-year, the statistics bureau said on Wednesday.Prices were up 4.3 per cent in February from the previous month, the bureau said in a release. In January, the CPI was up 27.55 per cent year-on-year.
KARACHI, PAKISTAN : Pakistan's consumer price index rose 31.5 per cent in the month of February year-on-year, the statistics bureau said on Wednesday.
The government is undertaking belt tightening, aims to increase revenues though taxes, and has also allowed the rupee to depreciate as it thrashes out a deal with the International Monetary Fund to secure more than $1 billion in funding."Inflation is expected to continue rising in the months ahead as IMF-mandated structural adjustments and currency devaluation filter through the supply chain," said Mustafa Pasha, chief investment officer at Lakson Investments.
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