Inflation rate eased to 8.2 percent in August

Pakistan Bureau of Statistics has issued the figures about the inflation rate that has reduced 8.2 percent which is the lowest in three months.

According to the details, the average rate of increase in prices of goods and services stood at 8.21 percent in August. Last time the inflation reading had remained at 8.2 percent in May.

The 8.2 percent inflation in August was lower than the federal government’s expectations that had predicted that inflation would remain in the range of 8.4 percent to 9.7 percent in August. In July, the reading was 9.3 percent.

The data revealed an 11.6 percent increase in electricity prices in August over the previous month. The increase was on account of monthly fuel price adjustment, notified by the National Electric Power Regulatory Authority (Nepra).

However, last week, the Economic Coordination Committee (ECC) of the cabinet did not take the decision to increase electricity prices on account of fuel price adjustment.

The numbers also showed an 18 paisa increase in the prices of electricity for the lifeline consumers, consuming up to 50 units a month.