Pakistan’s annual inflation for the month of September at 3.86%

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MG News | October 02, 2017 at 11:54 AM GMT+05:00

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Pakistan’s annual inflation for the month of September accelerated to 3.86% compared to previous month's (August) inflation of 3.41%, despite falling short of the expectations.

Inflation for the month of September was expected to cross 4% and fall within the 4 – 4.5% range.

On month-on-month basis, the Inflation rate was 0.63 percent in September over previous month, compared to 0.2 percent in August. 

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Comparing the same quarter to previous year, Inflation for the first three months of 1Q FY ’16 clocked in at 1.6%, inflation has picked up significantly over the year as prices for food items especially vegetables have skyrocketed during the last three months. Inflation during July - Sep '17 averaged at 3.39%.

Food items such as onions, tomatoes and mangoes were the main reason behind the increase in month-on-month prices.

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