Single-digit CPI gives space for cut in SBP policy rate

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Major CPI groups - July 2012
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                                     Y/Y chg (%)   M/M chg (%)
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CPI general                              9.60            -0.25
Food & non-alcoholic beverages           8.73             1.89
Non-perishable                           8.58             0.73
Perishable                               9.58             9.28
Housing, water, elec, gas & other fuels  5.60            -3.54
Clothing & footwear                     15.83             0.97
Transport                               12.57            -2.40
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Source: PBS