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Inflation in Pakistan reaches 4 years high: Report

Inflation in Pakistan reaches 4 years high: Report

*ISLAMABAD – Pakistan’s annual inflation rate increased to 5.83 percent inJuly from 5.21 percent a month earlier, the state Bureau of Statistics saidon Wednesday, surging to its highest level since September 2014.*

Rising petrol prices and four devaluations of the rupee since December werethe main reason for the multi-year inflation high, the bureau said.

On a month-on-month basis, the inflation rate stood at 0.94 percent in July.

Food items such as tomatoes, potatoes and onions, as well as air and busfares, were the main reason behind the increase in month-on-month prices.