A report by the State Bank of Pakistan has been released, revealing the most expenisve cities of the nation.
Karachi has emerged as the cheapest city in terms of inflation, amongst the five major cities of Pakistan. The consumer price index (CPI) of Karachi was at 1.7 percent year-on-year in August 2017, as compared to 3.3 percent a year ago.
The other cities included in this comparison are:
- Lahore
- Islamabad
- Peshawar
- Quetta
“Among these five cities, the lowest inflation was observed in Karachi at 1.7 percent, while the highest inflation was observed in Lahore at 5.1 percent,” the State Bank of Pakistan said.
Karachi
The food inflation for Karachi was 0.7 percent and non-food was 2.5 percent. The central bank didn’t mention any reason for the reduction in the rate of inflation in Karachi. However, analysts attribute it to a slowdown in the cost of living. The city is the largest trading and financial hub of the country.
Lahore
Meanwhile, Lahore remained the most expensive city to live in the country, in terms of cost of living. The SBP’s report showed that Lahore witnessed the highest food inflation of four percent and non-food inflation to six percent.
Islamabad
Islamabad is also included in the list but in regards to high inflation. The inflation for Islamabad was five percent.
Peshawar
Joining Islamabad with high inflation, is Peshawar 2.1 percent inflation, in the provincial capital of Khyber-Pakhtunkhwa.
Quetta
According to The News, Quetta saw a decline in CPI inflation.
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