Inflation based on the Consumer Price Index (CPI) inched up to 9.3 percent in July from 8.6 percent in June, showed data released by the Pakistan Bureau of Statistics (PBS) on Monday.
As per to details, Consumer Price Index inflation increased by 9.3% on year on year (YoY) basis in July 2020 as compared to an increase of 8.6% in the previous month and 8.4% in July 2019.
It increased by 2.5% in July 2020 on Month on Month (MoM) basis, as compared to an increase of 0.8% in the previous month and an increase of 1.8% in July 2019, Substantial increase in prices of petroleum products and has increase the overall inflation as July inflation exceed estimates of research analyst and economists.
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