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.

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