KARACHI: The inflation rate has been risen to 8.65 per cent during the current fiscal year while it stayed at 7.9 per cent in the month of February, ARY News reported.
According to Pakistan Bureau of Statistics (PBS), the inflation target for current fiscal year is 8 per cent.
As per PBS statistics, the average inflation in the first seven months of the current fiscal year (July-February) remained at 8.65 per cent.
And in the month of February of current fiscal year, the rate of food inflation reduced to 7 per cent on year on a year basis. The inflation rate of perishable food items was registered at 6.9 per cent, while for the non-perishable food items it was at 8.1 per cent.
On a yearly basis, prices in the commodity group of housing, water, electricity, gas and fuels also remained stable at 9.3 per cent in February over the comparative period of last year, according to the PBS. The inflation rate for the group of clothing and footwear also stayed at 16 per cent in February from a year ago and for the groups of transport and communication the rates remained below 5 per cent in February over a year ago.