July 3, 2017 / 8:27 AM / 17 days ago

Pakistan inflation rate falls to 3.93 percent in June

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People buy vegetables from a stall at a market in Karachi, Pakistan May 17, 2017.Akhtar Soomro/Files

ISLAMABAD (Reuters) - Pakistan's inflation rate dropped to 3.93 percent year-on-year in June from 5.02 percent a month earlier, the state Bureau of Statistics said on Monday.

On a month-on-month basis it fell 0.41 percent in June, the bureau said.

Prices of petrol and tobacco fell in June on a month-on-month basis, while those of food items such as damson, lemons, garlic and mangoes also eased. But the lower prices were offset by a rise in costs of bananas, eggs and tomatoes.

Reporting by Saad Sayeed

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