Inflation edges up slightly to 8.6pc in June
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Consumer Price Index (CPI) inflation rate edged up slightly to 8.6 per cent year-on-year in June, the Pakistan Bureau of Statistics said in its monthly report published on Wednesday.
The rate was 8.22pc year-on-year in May.
Prices of eggs, tomatoes, wheat, flour, fresh vegetables and chicken increased in June, the bureau said.
Petroleum prices that had fallen sharply in previous weeks shot up again last week across the country, a factor that will have its impact in next month's CPI.
The average inflation rate currently stands at 10.74pc in outgoing fiscal year 2019-20 that ended June 30.
The CPI peaked in January, registering 14.56pc year-on-year.
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On DawnNews
Comments (25) Closed
Jul 01, 2020 01:58pm
We should take more loans to supress it
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Jul 01, 2020 02:03pm
Pakistan is the fastest growing economy
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Jul 01, 2020 02:18pm
For a growing economy one of the earliest symptoms is inflation and when the same is edging up means, Pakistan's economy is growing. Had Covid-19 was not gifted by China, CPEC would have been completing soon to catapult Pakistan to world No.2 economy. Patience, Pakistan's place in the world is foretold.
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Jul 01, 2020 02:32pm
Another failure on economic front.
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Jul 01, 2020 02:41pm
10.76% is nothing. Pakistani can absorb much more than this. Full support to Imran Khan even if petrol prices are quadrupled.
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Jul 01, 2020 03:08pm
Thanks to mediocre ministers like SH, AU and the whole IK XI.
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Jul 01, 2020 03:15pm
As per reports inflation is stated to go up to around 10%. I wonder when this government is going to do their favourite U turn on interest rates? Just like petrol the interest rates were also lowered in a state of excitement. As a one great idea after a good night's sleep. They are absolutely unsustainable and with this rate of inflation these rates would not invite any savings. The banks won't have any money to lend. The only reason it could have been done for is to reduce the government's own debt servicing load.
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Jul 01, 2020 03:19pm
Very low inflation rate. Well done IK.
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Jul 01, 2020 03:41pm
How has IK managed to keep inflation so low?
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Jul 01, 2020 04:44pm
Inflation would jump to over 12% soon, propped up by the heavy fuel price increase slammed by the irresponsible and greedy government
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Jul 01, 2020 04:54pm
Take loans and distribute it to people as a socialist economy is the key for happy Pakistan
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Jul 01, 2020 05:14pm
Inflation figures on the ground and in in the books of the government are totally different. Buying power of around 98 % percent Pakistanis has gone down with lower per capita income. Even an inflation increase of 5% percent is disastrous for the general public.
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Jul 01, 2020 07:27pm
It wasn't good move to reduce petroleum Price. Government tottaly fail to control commodities.
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Jul 01, 2020 09:02pm
Finally beaten India , where it is only 3.5%
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Jul 01, 2020 09:29pm
The incompetent government seems to be trying to increase the inflation rate. Perhaps they mistake it for the GDP growth rate?
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Jul 01, 2020 09:55pm
CPEC is there.....don't worry
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Jul 01, 2020 09:59pm
Heard that Harvard students on travelling to Pakistan to learn from IK on how Pakistan's economic boom happened after he took charge of the affairs.
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Jul 01, 2020 10:06pm
8.6% is normal for countries like Pakistan and Venezuela. It is considered high for rest of the countries
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Jul 01, 2020 10:29pm
Regulators have failed in stopping the inflation in food items.
News from all four corners are coming of failures and failures. Not a single reason to belive if government is working to protect the interest of citizens.
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Jul 01, 2020 10:46pm
I think the real numbers are much higher, anyone with other opinions, feel free to reply to this message. I promise to respond with further statistics.
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Jul 01, 2020 11:52pm
Govt takes loans in peoples name which makes every Pakistani sink more in debts but when loan arrives money is diverted to their private accounts. The country elites, politicians, mafias belong in shooting squads before anything can improve.
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Jul 02, 2020 12:55am
Worry not. Still IK is handsome that matters.
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Jul 02, 2020 02:35am
@ExMohajirinUK, tell us more ?
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Jul 02, 2020 02:41am
Pakistan's economy is scheduled to regain top position in the world under charismatic leadership of PMIK.
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Jul 02, 2020 02:46am
China routinely consults PM Imran Khan on economy related matters when they find the going tough.
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