Pakistan's inflation slows y/y, but monthly rate jumps; keeps pressure on govt

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

KARACHI, Pakistan :Pakistan's consumer inflation on Tuesday slowed slightly from a year earlier in February, though the monthly rate jumped on the back of higher food and energy prices and adds to growing political pressure facing Prime Minister Imran Khan. The consumer price index (CPI) was at 12.2per cent i

KARACHI, Pakistan :Pakistan's consumer inflation on Tuesday slowed slightly from a year earlier in February, though the monthly rate jumped on the back of higher food and energy prices and adds to growing political pressure facing Prime Minister Imran Khan.

On a monthly basis, the inflation rate jumped by 1.2per cent in February compared with a 0.4per cent rise the previous month, the bureau said in a statement. Surging food and energy prices have put Khan under increasing pressure, especially from his middle-classes support base. The move comes as Khan's opposition, already engaged in street protests over what they say is his mismanagement of the economy and rising inflation, says it is set to propose a no- confidence motion in parliament to oust him.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ENERGY

Energy Energy Latest News, Energy Energy Headlines