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CPI: the squeeze on households continues
Food and fuel keep monthly price increases elevated. Softer core inflation offers some comfort, but households may be absorbing the shock through falling purchasing power. Pakistan’s headline inflation fell to 9.6 percent in October from 10.3 percent in September. That is welcome, but the monthly numbers offer little reassurance. Consumer prices rose by another 1.1 percent, the fourth consecutive monthly increase above 1 percent. Six of the past eight months have crossed that threshold. The annual rate Is easing while the cost of living keeps climbing. Households have good reason to pay more a...
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