CPI inflation up 13.04 % in April

Karachi –– CPI inflation is recorded at 13.04% YoY for the month of April’11 taking the average Jul – April 2011 CPI inflation to 14.08 %.

According to Alfalah Securities Limited, the food inflation was recorded 17.23 %YoY in April 2011 with 17.02 % and 18.02 % increase in non-perishable and perishable food items, respectively. The rise is attributed to sharp increase in the prices of food items fuelled by higher petroleum prices and electricity tariff.

The inflation is expected to remain sturdy as fuel prices continue with the rising trend and in case new taxes are introduced in the upcoming budget, it would further heat up inflation.

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