Inflation in February fringed to 8.7 percent

On Monday the data released by the Pakistan Bureau of Statistics showed that the month of February saw a rebound in prices of consumer items as the inflation fringed up to 8.7 percent from 5.7 percent in January.

On a monthly basis, the inflation increases by 1.8 percent mainly due to a rise in prices of petroleum products, cooking oil, pulses, and charges for end consumers.

For the past few months, the non-edible inflation has been unwavering on the rise due to the higher energy prices.

In the month of February, no official word came from the cabinet ministers over the inflation rebound.

 Although no hiatus has been seen in vegetables or cooking oil prices, instead the higher cooking oil, ghee and energy were the prime contributors as vegetable ghee prices were on a rise at the Utility stores Corporation. Along with the shortages in the domestic productions. 

Inflation at the beginning of the current fiscal year stood at 9.3 percent in July, going down to 8.2 percent in August before rebounding to 9 percent in September.

Since then the inflation has been going downhill giving some relief to the end consumers.