Pakistan July y/y inflation increases to 8.3 pct – stats bureau – IFM

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01-Aug-2013 12:41

ISLAMABAD, Aug 1 (IFM –WEB Desk) – Inflation in Pakistan increased to 8.3 percent year-on-year in July 2013 from 5.8 percent reported a month earlier in year-on-year terms, according to figures released by the Pakistan Bureau of Statistics on Thursday.

Analysts had widely expected a seasonal rise in inflation prices largely because of higher food prices associated with shopping habits during the holy Muslim month of Ramadan.

Average inflation over 12 months was 11.08 percent during the fiscal year from June 2011 until June 2012.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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