Pakistan Consumer Prices Cool as Energy Risks Cloud Outlook

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessPakistan Consumer Prices Cool as Energy Risks Cloud OutlookPakistan’s inflation eased last month, though policymakers remain wary that higher energy costs could reignite price pressures.Author of the article:Bilal Hussain (News) and Tooba Khan You can save this article by registering for free here. Or sign-in if you have an account.8dg7go3)0jwb1h(}nbtg0oln_media_dl_1.png Bloomberg(Bloomberg) — Pakistan’s inflation eased last month, though policymakers remain wary that higher energy costs could reignite price pressures.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe consumer price index rose 9.2% in July from a year earlier, according to data released by the Pakistan Bureau of Statistics on Monday. That’s slightly slower than the 9.3% median estimate in a Bloomberg survey. Inflation slowed to 11.07% in June.The latest reading supports the State Bank of Pakistan’s decision to keep its benchmark interest rate unchanged at 11.5% last month even as officials remain alert to renewed inflation risks. Disruptions to shipping through the Strait of Hormuz, a key route for Pakistan’s oil and gas imports, forced the country to buy its most expensive spot cargo since 2022, highlighting the risk of higher imported inflation.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe central bank expects inflation to ease gradually and stabilize near the upper end of its 5%-7% target range by June 2027. Even so, it warned in last week’s monetary policy statement that the outlook remains vulnerable to risks, including volatility in global energy prices.Food inflation accelerated to 10.64% in July from 9.4% in June, while housing and energy costs eased 7.14% from a year earlier, bureau data showed.Inflation returned to single digits after three months as lower fuel prices offset a sharp increase in food costs, said Muhammad Awais Ashraf, research director at AKD Securities. “We expect inflation to moderate further as prices of perishable food items are likely to normalize.”(Updates with a chart and more details)This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.