The Statistics Bureau of Pakistan (SBP) Tuesday said that consumerinflation in October accelerated to 26.6% in comparison to 2021 same month.
The inflation has increased by 4.7% prices from the previous month.
Pertinent to note that in September, the consumer price index rose 23.2% onyear, slowing from a decades-high 27.3% in August.
As per the SBP, the rise in consumer prices in October from last month wasboosted mainly by electricity and food prices, the bureau said in astatement. The higher CPI from October last year was due to the risingcosts of food and fuel.
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A number of factors are behind the inflation percentage increase includingfalling foreign exchange reserves, a depreciating currency, wideningcurrent account deficit and devastating floods in August that killed morethan 1,700 people.