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KARACHI: The cities of Islamabad and Quetta are turning out to be the most expensive in Pakistan as they witnessed highest rate of inflation in October, while it was lower in Peshawar as compared to the average inflation pace among the five major cities during the same month, according to the State Bank of Pakistan’s (SBP) latest inflation figures.
The consumer price index (CPI), benchmark for inflation measure, was recorded at eight percent in Islamabad and Quetta, whereas it was at 5.3 percent in Peshawar. However, CPI inflation in Karachi and Lahore stood at 7.5 percent.
A report released by the central bank on city-wise inflation indices showed that CPI inflation on year-on-year basis in the federal and provincial capitals showed mix trend during October.