Karachi, March 04, 2019: Consumers Price Index (CPI) during Feb-2019 increased to 8.21% YoY.
According to official data, food inflation was the single largest contributing factor to inflation, which increased by 1.6% MoM.
Core inflation relentlessly pushed upwards to 8.8% YoY, a near 6 year high.
Read More: Pakistan stock gains
Additionally, there was a low base effect factor during the month as CPI declined 0.3% MoM in Feb-2018.
Cumulatively, CPI averaged 6.46% YoY during 8MFY19, closing in on the central bank’s forecasted range of 6.5%-7.5% for FY19.
