Fuel Price Hikes To Spur Inflation Yet Further

June 2008 | Market Strategy

BMI View:The inflationary cylinders are still firing at a blazing clip in Pakistan and a string of fuel-price hikes in recent months are likely to add to headline price pressures and by extension force the State Bank of Pakistan to maintain its tighter monetary reins. In view of persisting pressures we have revised our inflationary forecasts upward and now expect inflation to stay in double digits in FY2008/09.

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