Pakistan

Inflation up, exports and investment down

ISLAMABAD: The Ministry of Finance Friday conceded that the international commodity prices were recently on a rising trend, especially oil and food prices, so inflation for the next month may remain between 5.5 and 7.5 per cent, higher than the last month level of 5.7 per cent for January 2021.

“International commodity prices are recently on a rising trend, especially oil and food prices. Furthermore, around the same period one year ago, the commodity prices were low and the CPI level actually declined.

“Taking all these observations into account, the year on year (YoY) inflation for the next month may remain between 5.5 7.5 per cent,” said the economic update for February 2021 released by the Ministry of Finance on Friday.

Related posts

Order for recount on mayoral election in Kiki Tehsil of Bannu

Daily News

PM Imran Khan holds Bhuttos, Sharifs responsible for Pakistan’s plight in Al Jazeera interview

Daily News

Mob rule can’t be allowed, says govt

Daily News

Where have 10 million jobs and 5 million homes gone? Every promise of Imran Khan turned out to be false, Bilawal

Daily News

Pakistan, UK have same goals in Afghanistan, says FM Qureshi in London

Daily News

Machh incident: Sheikh Rashid’s assurances rejected, protesters demand PM to come to Quetta

Daily News

Leave a Comment