Pakistan food prices increase 10% for fifth consecutive month ...palestine

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Food prices rose by more than 10% for the fifth consecutive month in November, particularly hitting the rural economy, according to inflation data published by the Pakistan Bureau of Statistics Tuesday. Food prices remained on the higher side, but the headline inflation (overall increase in prices of essential goods and services) slowed to 8.3% in November or 0.6% lower than the previous month’s tally. Food items have 34.6% weight (out of 100) in the consumer price index, which tracks these prices. “Had it not been for sticky food inflation, which is more than 10% for the fifth consecutive month, the headline Consumer Price Index reading would have been even lower,” the Intermarket

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Last updated : 03 Dec 2020 clock 06:46 PM

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Pakistan food prices increase 10% for fifth consecutive month ...palestine

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