Pakistan July consumer inflation accelerates to 10.3%

Reuters Islamabad Aug 01, 2019, 06.29 PM(IST)

File photo. Pakistan's currency. Photograph:( Reuters )

Story highlights

Prices of food and non-alcoholic beverages, which make up a third of the overall basket used to calculate inflation, rose 7.9 per cent with big jumps in the prices of staples including onions, pulses and sugar.

Pakistan's consumer inflation rate accelerated to 10.3 per cent year-on-year in July, from 8.9 per cent a month earlier, driven by higher food and fuel prices, the Bureau of Statistics said on Thursday, underlining the growing squeeze on household budgets.

Prices of food and non-alcoholic beverages, which make up a third of the overall basket used to calculate inflation, rose 7.9 per cent with big jumps in the prices of staples including onions, pulses and sugar.

There was also a 143 per cent rise in gas prices and a 23 per cent rise in petrol prices from the same month a year earlier.