Pakistan’s annual inflation rate increased to 3.42 percent

ISLAMABAD: Pakistan’s annual inflation rate increased to 3.42 percent in August from 2.91 percent a month earlier, the state Bureau of Statistics said on Tuesday.

On a month-on-month basis, the inflation rate was 0.19 percent in August, the bureau said.

Food items such as onions, tomatoes, and mango were the main reason behind rate increase in the month-on-month prices.

The authority last month said that consumer prices rose 2.91% in July compared to the same month a year earlier (2015).

It was 0.34% higher compared with negative 0.4% reported in June this year. July’s inflation reading was the lowest since November 2015, largely reflecting a slowdown in energy prices and a smooth supply chain.

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