Consumer inflation eases to 10.3pc in September from 11.1pc in August, official data shows
ISLAMABAD: Consumer inflation eased to 10.3 per cent in September from 11.1pc a month earlier, mainly due to a sharp slowdown in food inflation, the Pakistan Bureau of Statistics said on Thursday. The slight deceleration in the inflation rate, measured by the Consumer Price Index, reversed the sharp increase recorded in August, when higher food and energy prices pushed the annual rate to 11.1pc…
According to official data from the Pakistan Bureau of Statistics, consumer inflation eased to 10.3% in September from 11.1% in August. The primary reason for the slowdown was a significant reduction in food inflation. Food prices dropped to 8.1% in urban areas and 7.7% in rural areas from 12.1% and 13.2% respectively in August.
However, non-food inflation continued to rise, with urban non-food inflation increasing to 11.5% from 9.4% in August, and rural non-food inflation jumping to 13.1% from 11.3%. The finance ministry had earlier warned that inflationary pressures were concentrated in food and energy due to the impact of higher global oil prices.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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