November 25, 2021

SBP keeps inflation forecast unchanged; sees significant risk from high food, energy prices

KARACHI: The State Bank of Pakistan on Wednesday kept its inflation forecast unchanged for the current fiscal year of 2021/22 but warned higher food prices and rising energy costs could fuel significant risks to consumer price index inflation outlook.“The national CPI inflation is expected to remain within a range of 7.0 to 9.0 percent,” the SBP said in its annual report on the State of Pakistan’s Economy for the last fiscal year of 2020-21.The report said better commodity management...