Rise in food, fuel prices push inflation up by 8pc

Constant increase in food items and fuel prices pushed the domestic inflation up by 8.07 per cent in November 2006 against figures for the same month last year.

Inflation measured through consumer price index (CPI) went up by 0.73 per cent in November over the previous month. The month-on-month comparison indicated that prices of consumer items had been steadily rising during the month under review.

Figures released by the Federal Bureau of Statistics on Wednesday showed that the inflation increased by 8.29 per cent year during the first five months (July-Nov) of the fiscal year 2006 over the same period last year.

Food inflation, which rose by 10.62 per cent during November 2006 over figures for the same month last year, had pushed up the overall inflation, which would have a direct impact on low-income groups.

Continue reading on: Dawn


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