Islamabad, Feb 2: Pakistan's economy seems to continue in the doldrums as the inflation rate for January, 2020 rose to a 12-year high at 14.6 percent.
A report in The Dawn quoted a report by the Pakistan Bureau of Statistics (PBS) that higher food prices, particularly of wheat, flour, edible oil, pulses, sugar and gur have been the largest drivers of overall inflation in January. The report also noted that the prices of essential food items were higher in rural areas, compared to urban ones.
Prices of LPG cylinders in rural areas also witnessed the highest-ever increase in seven years, in rural areas. In urban areas, food inflation witnessed a rise of 19.5 per cent in January on a year-on-year basis, whereas it rose by 23.8 per cent in rural areas. Non-food inflation in urban centres stood at 10.2 per cent year-on-year basis, whereas it was 10.5 per cent in rural areas. (UNI)