Pakistan inflation at 7.19 in January year-on-year: statistics bureau

ISLAMABAD (Reuters) - Pakistan's annual inflation rate surged to 7.19 percent in January from 6.17 percent a month earlier, the Bureau of Statistics said on Friday, the highest level in over four years.
The above-expectations jump in inflation comes after the central bank devalued the currency five times since December 2016, weakening it by 26 percent against the dollar during that period.
On a month-on-month basis, prices increased by 1 percent in January.
Rising liquefied natural gas and electricity prices as well as a spike in tomatoes, garlic and medicine were the main reason behind the January month-on-month inflation rise.
(Reporting by Saad Sayeed; Editing by Janet Lawrence)
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First Published: Feb 01 2019 | 11:06 PM IST
