ISLAMABAD: Consumer inflation dropped to 9.7% in the month of June due to improved checks in the prices of food and fuel, according to official data released.
On an annual basis, inflation based on the Consumer Price Index (CPI) was recorded at 8.9% for the recently concluded 2021 fiscal year, compared to 10.74% in fiscal 2020 and 6.8% in fiscal 2019 (the first year of the PTI government).
To illustrate the stress this has put on citizens’ pockets, a good that cost Rs100 when the PTI government took over costed (on average) Rs106.8 by the end of its first year, Rs118.27 by the end of its second year and now costs Rs128.80.
The Pakistan Bureau of Statistics (PBS) said CPI inflation decreased 0.2 percent month-on-month in June 2021 compared to an increase of 0.1 percent in the previous month and an increase of 0.8 percent in June 2020.
