CPI-based inflation clocks in at 12.6pc for June

June headline inflation was 12.6% annually, according to figures released on Monday by the Pakistan Bureau of Statistics (PBS).
Although the measure is higher than the 11.8 percent year-over-year increase in May, it is still far below than the 23.4 percent average for the fiscal year that concluded on June 30.
The Consumer Price Index (CPI), which is a monthly measure of consumer inflation based on a basket of goods and services, increased by 0.5 percent in June.
The State Bank of Pakistan and the Finance Ministry both predicted an increase in June’s CPI estimate because of spending associated with the Eidul Azha vacation.