CPI stood at 11.3% YoY in June 2012 – Alfalah Securities Limited

Karachi, July 03, 2012 (PPI-OT): CPI inflation is reported to have increased by 11.3%YoY in June 2012 as compared to 12.3% in the previous month and 13.3% in June 2011.

According to Alfalah Securities Limited, on MoM basis, CPI inflation rose by 0.04% in June 2012 as compared to an increase by 1.1% in the previous month and an increase by 1.0% in June 2011. Core inflation measured by non-food non-energy (NFNE) increased by 11.4% in June 2012 as compared to 11.1% in May 2012(YoY) and by 9.8 % in June 2011.

The CPI inflation has remained persistently below the discount rate of 12% which has lowered the chances of a hike in policy rate in the upcoming monetary policy.