CPI Measures Inflation By 8.6 Percent During Current Year
Sumaira FH 4 days ago Thu 10th June 2021 | 05:22 PM
The inflation measured by the Consumer Price Index (CPI) was recorded at 8.6 percent during July-April 2020-21 as against 11.2 percent during the same period last year
ISLAMABAD, (UrduPoint / Pakistan Point News - 10th Jun, 2021 ) :The inflation measured by the Consumer Price Index (CPI) was recorded at 8.6 percent during July-April 2020-21 as against 11.2 percent during the same period last year.
According to Economic Survey 2020-21 launched here on Thursday, the government measures for maintaining price stability, inflation in perishable food items was increased 0.1 percent against exorbitant increase of 34.7 percent during same period last year.
Non-Perishable food items are the main contributory factor in jacking up the food inflation in the Food and Non-alcoholic Beverages group, as it is recorded at 16 percent against the increase of 12.4 percent during the same period last year.
The increase in the poultry group may be attributed to viral disease which caused supply side risks.
One of measures was timely release of wheat in the provinces by the procurement agencies and provision of the commodity via utility stores and fair price outlets which managed to ease price pressures.
Regarding increase in the prices of edible oil, Palm oil and soybean prices have been on a steep rising trajectory in international market since June 2020, amid sharp contractions in global inventory levels due to weather-related concerns in the major producing areas.
It has a weight of 23.6 percent thus any untoward movement directly affects the vulnerable segments of the society.