Inflation rate in July was the lowest since November 2015: PBS


Islamabad, August 2 (TNS): A sigh of relief for masses as yearly rate of inflation fell for the third consecutive month in July to its lowest level in the past 20 months.

The low rate would help to restrict high inflationary prospects in a challenging exterior sector environment.

According to latest statistics issued by ‘Pakistan Bureau of Statistics’ (PBS) consumer prices mounted 2.91% in July compared to the same month a year ago.

In July it was 0.34% higher compared with negative 0.4% reported in June 2017.

July’s inflation rate was the lowest since November 2015, largely indicating a slowdown in fuel and power prices and a smooth supply chain.