[cityhantam]

https://www.channelnewsasia.com/business...de-2785401

Pakistan's June inflation surges to highest in over a decade

Pakistan's consumer price index (CPI) rose 21.3 per cent in June from a year earlier, the statistics bureau said on Friday (Jul 1), for the South Asian nation's highest inflation in 13 years.

In May, the CPI was up 13.8 per cent on the year. The month-on-month rise in June was 6.3 per cent.


The spike comes as fuel prices have risen about 90 per cent since end May, after the government scrapped costly fuel subsidies in a bid to cut its surging fiscal deficit and secure a resumption of an IMF bailout programme.

Transport saw the biggest rise, with its index rising 62.2 per cent in June on the year.

The price index for food items, which make up about a third of the CPI basket, rose 25.9 per cent.