On month-on-month basis, the inflation rate increased by 2.5pc in July 2020 as compared to an increase of 0.8pc in the previous month and an increase of 1.8pc in July 2019.
The central bank said that these measures provided a period of necessary stabilization and also made the economy relatively better equipped to respond to any external shocks than it would have otherwise been.
The SPI for the week under review in the above mentioned group was recorded at 127.85 points against 127.78 points registered in the previous week, according to the latest data of Pakistan Bureau of Statistics (PBS).
Consumer price inflation edged lower in the previous two months due to a drop in oil prices and falling domestic demand stemming from the coronavirus pandemic.
The monthly rise was led by a 6.85pc increase in clothing and footwear prices and a 3.30p