Inflation in Pakistan
by Inflation is defined as a situation where the general price level is persistently moving upward in a country.
Inflation in Pakistan
In Pakistan, the general price level is persistently rising since partition of the subcontinent. Prices remained volatile during the decade of 1990’s ranging from 5.7% to 13% mainly because of declining economic growth, expansionary policies, output setbacks, higher taxes and a depreciation of Pak, rupees. The inflation rate started declining from 1998 onward due to improved supply position of goods, strict budgetary measures. The inflation rate was 5.7% in 1998-99. It was brought down to 3.6% in 1992-2000 and further to 3.1% in 2002-03. The inflation rate based on the CPI (consumer price index) has averaged 4.6% during 2003-04. The slight rise in prices was mainly due to increase in price of wheat. The inflation rate reached as high as 9.3% in the year 2004-05 mainly due to rise in the price of wheat and an increase in the international oil prices. However, it has been brought down to 7.9% in 2005-06 and 7.8% in 2006-07. However, during 2007-08 (July-April) inflation increased to 10.3%.
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Post CommentTrσσpєr
On August 27, 2009 at 1:21 pm
informative, why don’t you try something which the complete world can share??
Lauren Zahra
On August 30, 2009 at 5:09 am
That’s really interesting. I had no idea about inflation in Pakistan!
Sexyhood03
On August 30, 2009 at 4:43 pm
So it’s not just the U.S that costs are rising very informing nice.
wonder
On September 11, 2009 at 12:46 pm
Informative.
Rovi
On October 24, 2009 at 1:44 pm
In Aug 2008, inflation rate was 25.3%.