Overview
- Pakistan’s consumer inflation eased to 9.2% year‑on‑year in July, but prices rose 1.2% from June showing the monthly trend remains strong.
- July food shocks in Pakistan included huge year‑on‑year jumps in tomatoes, wheat and onions that pushed essential food inflation well above general rates.
- The State Bank of Pakistan held its policy rate at 11.5% and said it expects inflation to move toward the bank’s 5–7% target band by year‑end while warning risks persist.
- India’s wholesale price index climbed to 9.87% in June with the government saying global commodity and energy costs drove the rise and pointing to buffer stocks, grain sales and trade measures to protect consumers.
- South Korea’s CPI cooled to 2.8% in July as oil prices stabilised but core inflation stayed elevated and officials said they will monitor conditions closely for possible further monetary tightening.