ISLAMABAD: Pakistan’s Consumer Price Index (CPI) rose 12.29 per cent in May from a year earlier, the Pakistan Bureau of Statistics said on Friday.

On a month-on-month basis, the CPI rose 1.15 per cent from April, according to the bureau.

According to Finance Minister Dr Abdul Hafeez Sheikh while releasing the Economic Survey of Pakistan 2011-12 on Thursday, inflation measured by CPI had maintained a steady decline over the past three years and stood at 10.8 per cent in 10 months of the current year while it was 13.8 per cent last year.

The wholesale price index and sensitive price indicator also declined to 11.2 per cent and 8.5 per cent in comparison to the 21 per cent and 18 per cent of last year, said the finance minister.