Pakistan’s September CPI rises 8.79 percent

Pakistan’s consumer price index (CPI) rose 8.79 per cent in September from a year earlier, the Pakistan Bureau of Statistics said on Monday. The year-on-year rate in August was 9.1 per cent. On a month-on-month basis, the CPI increased by 0.79 per cent from August, according to the bureau. Historically, from 2003 until 2012, Pakistan Inflation Rate averaged 10.6 per cent reaching an all time high of 25.3 per cent in August of 2008 and a record low of 1.4 per cent in July of 2003. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. From gulftoday