Islamabad: The Pakistan Bureau of Statistics has recorded an inflation rate of 8.2% in August — with this figure currently faring at its lowest level over the past three months, a news source reported on September 2. This development is attributed to the recent decline observed in the prices of certain food products.
The inflation rate measured as per the Consumer Price Index (CPI) saw an average rate of increase in the prices of goods and services by 8.21% during the month. The authorities concerned had previously predicted that the inflation rate would hover between 8.4% and 9.7% — especially, after the rate of inflation for July was recorded as 9.3%.
Reportedly, the aforementioned figures have been released ahead of the upcoming meeting of the Monetary Policy Committee, during which a new monetary policy is expected to be formulated for the next two months.
In addition, according to the National Electric Power Regulatory Authority (NEPRA), last month the government had also raised the electricity prices by 11.6% due to the monthly fuel price adjustments.
