It is hardly a new thing for the inflation target set by the federal government to be missed, but despite the rhetoric, it can hardly escape the blame for the inflation rate rising to 8.6 percent in June, up from 8.2 percent in May. Instead, food inflation leads the way. Official figures show that food inflation was fuelled by a 17.7 percent rise in wheat prices, along with supply problems. It is also no help to the government that there should be such a rate of food inflation. All inflation is electorally bad, but food inflation is the worst.

Source: Pakistan Today July 02, 2020 17:48 UTC