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Dawn.com Mubarak Jeb Khan ISLAMABAD: Inflation rose to 12.7 per cent year-on-year, the highest level in nine years mainly driven by an increase in prices of food items, the Pakistan Bureau of Statistics (PBS) reported on Wednesday. Inflation, measured by the Consumer Price Index (CPI), edged up by 1.3pc over the previous month after the PBS revised its calculation methodology by setting the new base year 2015-16 instead of the previous 2007-08 financial year. Finance ministry in a brief statement claimed that inflation would come down from the next month without saying how they figured this. The data released on Wednesday shows that higher prices of food items have been the largest driver in overall inflation in November. It has also been observed that the prices of essential food items are higher in rural areas than in urban areas. Food inflation in urban areas rose by 16.6pc in November on a yearly basis and 2.4pc on a monthly basis and that in rural areas by 19.3pc...

Scroll.in April 16, 2019 Wholesale prices of fuel and power rose by 5.41% in March compared to the corresponding month in 2018. Wholesale Price Index inflation stood at 3.18% for the month of March, the government said in a press release on Monday. This was higher than the 2.93% recorded in February and 2.6% in January. In the primary articles category, prices of vegetables surged by 28.13% in March, while those of pulses rose by 10.63% and of wheat by 10.13%. On the other hand, onions became cheaper by 31.34%. The overall inflation rate for primary articles was 5.07%. Wholesale prices of fuel and power rose by 5.41% in March compared to the corresponding month in 2018, the data showed. High Speed Diesel became costlier by 7.33%, petrol by 1.78% and Liquefied Petroleum Gas by 0.94%. Prices of manufactured products rose by 2.16% last month. In this category, fabricated metal products became 3.75% costlier over the same month in 2018. On the other hand, vegetable ...