food inflation

Inflation rises by 4.02% in February

ISLAMABAD: Prices of essential commodities saw a sudden spike last month, as the key inflation indicator jumped over 4% in February – the highest level in 14 months – reported the Pakistan Bureau of Statistics on Tuesday.

Inflation, which is measured by the Consumer Price Index (CPI) – the indicator that captures prices of 481 commodities every month in urban centres – rose 4.02% in February on a year-on-year basis, said the national data-collecting agency. It was the fifth successive month when the headline inflation indicator has risen, as the low base effect has now kicked in.

However, this time the increase was sharp compared to the three previous months. In January, the CPI had clocked in at 3.3%, which within a month rose above 4%.

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