State Bank of Pakistan has ranked Islamabad as the cheapest city among the five major cities in Pakistan. In Islamabad, the consumer price index inflation (CPI) was recorded at 4.5% year-on-year in June 2018. Last year it was 5.0%.

Quetta, however, has been ranked as the most expensive city of Pakistan regarding the cost of living. In Quetta, consumer price index inflation (CPI) was recorded at 9.3% compared to 2.7% in June 2017.

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In June Pakistan’s consumer price index inflation went up to 5.2%. In the same month, last year the consumer price index inflation was 3.9%. State Bank of Pakistan said that on yearly basis for the consumer price index inflation in Islamabad and provincial capitals of Pakistan displayed a mixed trend during June 2018.

In Islamabad, the food inflation was 3.1% compared to Quetta’s 8.5%. The non-food inflation (clothing & shoes, housing, water & electricity supply, fuels, transport, education, and others) in Islamabad was 5.5% compared to 9.8% in Quetta which is the highest.

The increasing cost of living in the top 5 cities of Pakistan is largely due to the constant increment in the food and non-food group. However, in Islamabad, a decline was seen in the prices of commodities.

In the biggest city of Pakistan, Karachi the consumer price index inflation was 4.8% in June 2018 compared to 2.1% in June 2017. In Lahore, the consumer price index inflation went up to 5.2% in June 2018 compared 4.9% in June 2017. In Peshawar, the consumer price index inflation was recorded at 4.8% in June 2018 compared to 3.2% in June 2017.

The increasing fiscal deficit, food inflation is largely due to ever-increasing oil prices, and rupee devaluation against the dollar.

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