In April, Pakistan Textile Clothing And Footwear Consumption Prices Rose 8.39%

According to BA's "dawn" May 13th report, by the international market food and energy prices continued to rise sharply and rupee continued depreciation of the dollar, the consumer price index (CPI) increased 17.21% in April this year, the highest level in history, compared with 6.92% in the same period last year, 10.28 percentage points higher, the main commodity categories rose respectively: food 25.5%, textile and clothing and footwear 8.39%, 11.35% rent, fuel and lighting 8.55%, traffic and communications 17.92%, education 4.7%, medical 7.44%.

At the same time, the wholesale price index (WPI), which can show the manufacturing cost, rose more staggering, up to 23.5%, compared with 6.03% in the same period last year. The main commodity categories rose by 24.57%, raw materials 11.63%, fuel and lighting 36.6%, manufactured goods 9.75%, and construction materials 28.18%.

The projected inflation rate for the 2007-08 fiscal year is 6.5%, but the average inflation rate in the first ten months has reached 10.27%, an increase of 2.38 percentage points over the same period last fiscal year.

The upward pressure on consumer prices will continue to increase in the future, giving the central bank a headache.

Since 2003-04, Ba central bank has increased its bank discount rate and reserve ratio for the six time to curb inflation, but it has not achieved much.

Experts said that the current oil and food price increase is a global problem, not solved in the short term, and now the central bank must first increase interest rates and curb the depreciation of the rupee.