Pakistan's annual inflation accelerates to 4.1% in July
Islam
ISLAMABAD :Pakistan's consumer inflation accelerated to 4.1 per cent year-on-year in July, up from 3.2 per cent in June, driven by rising prices for food items, fuels and medicines, the statistics bureau said on Friday. July's consumer price inflation month-on-month was 2.9 per cent, the bureau said. The higher inflation reading follows the State Bank of Pakistan's assessment of a deteriorating inflation outlook, leading it to leave the key interest rate unchanged at 11 per cent. The bank's
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