KARACHI: MSCI Inc, the world’s largest index provider, on Friday proposed reclassifying the MSCI Pakistan Index from emerging to frontier markets as Pakistani equity market had not met all.
Business
June 2, 2021
ISLAMABAD: Annual consumer inflation decelerated to 10.9 percent in May compared to 11.1 percent in the previous month as fuel, electricity and food prices were seen declining.
Pakistan Bureau of Statistics (PBS) data on Tuesday showed that consumer price index (CPI) inflation general was still more than 8.2 percent in May 2020. CPI inflation increased 0.1 percent month-on-month in May compared to an increase of 1 percent in the previous month and a increase of 0.3 percent in May 2020.
Analyst Fahad Rauf at Ismail Iqbal Securities said fall in electricity prices due to fuel price adjustment restricted CPI growth.
âCore inflation continues to remain rangebound, clocking at 7.1 percent versus 7.3 percent in April,â Rauf said. The central bank left the interest unchanged at 7 percent in the latest monetary policy for the fifth time in last 10 months.