Pakistan, Aug. 4 -- The prices of essential food items across the country increased in July following a drop in production and an increase in petroleum prices.
The Consumer Price Index (CPI) based monthly inflation increased to 9.3 per cent on an Year-on-Year (YoY) basis in July 2020, from 8.6 per cent during June 2020, according to data released by Pakistan Bureau of Statistics (PBS) on Monday.
The outbreak of the Covid-19 pandemic has weakened consumer demand putting downward pressure on commodity prices. However, risks of supply disruptions and the lower production of sugar and wheat has contributed towards an increase in food inflation in the last few months.
Additionally, the government has increased prices of petroleum products sub...