Inflation rises to 9pc in September
ISLAMABAD: Inflation went up to nine per cent in September, from 8.2pc in August, on the back of a hefty jump in prices of food products, shows the data released by the Pakistan Bureau of Statistics (PBS) on Friday. The new fiscal year started with 9.3pc inflation in July, which eased to 8.2pc in August. However, it rebounded in September mainly led by increase in prices of perishable products. In September, wheat price surged by 5pc and wheat flour price by 3.14pc from the previous month. Similarly, prices of almost all pulses and vegetables also increased. In a related development, the government on Friday allowed import of 180,000 tonnes of wheat from the Russian government. The average CPI between July and September eased from last year’s 10.08pc to 8.84pc this year, but the average CPI in FY20 rose to 10.74pc, from 6.8pc in the year before — highest level since 2011-12 when it stood at 11.01pc. ARTICLE CONTINUES AFTER AD Food inflation is still ...