Pakistan annual inflation accelerates to 8.21% in February: Bureau of Statistics
Reuters
Islamabad, PakistanUpdated: Mar 01, 2019, 08:50 PM IST
A brass plaque of the State Bank of Pakistan is seen outside of its wall in Karachi, Pakistan. Photograph:(Reuters)
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The data comes after five currency devaluations since December 2016 by the central bank, weakening the Pakistani rupee by 26 per cent against the dollar during that period.
Pakistan's annual consumer price inflation surged to 8.21 per cent in February from 7.19 per cent a month earlier, the Bureau of Statistics said on Friday.
On a month-on-month basis, prices increased by 0.64 per cent in February, it said.
The data comes after five currency devaluations since December 2016 by the central bank, weakening the Pakistani rupee by 26 per cent against the dollar during that period.
Rising food prices, including a 150 per cent jump in the price of tomatoes, were the main reason for the accelerating inflation, the bureau said.