Inflation goes up by 11.4 percent in September

Inflation goes up by 11.4 percent in September

Islamabad (Agencies): Inflation went up by 11.4 percent in September, Pakistan Bureau of Statistics (PBS) said.

Inflation, measured through the Consumer Price Index (CPI), edged up by 0.77pc over the previous month after PBS revised its calculation methodology. Based on the new base year (2015-16), September inflation came in at 11.37pc, versus 10.49pc in the previous month.

The change in base year means the economy’s price levels in FY16 will now be the base against which all existing prices will be calculated for calculating the CPI.

Going by the old base year of FY08 that was being used until two months ago, the key inflation index comes in at 12.55pc for September, showing a 0.92pc increase over the month of August.

As per data, the urban CPI covers 35 cities and 356 consumer items while rural tracks 27 rural centres and 244 items. The former grew by 11.6pc year-on-year in September whereas the latter jumped by 11.1pc.

As per the new base year, lowest CPI was recorded in July at 8.4pc which grew to 11.37pc in September.