Karachi cheapest among Pakistan’s top five big cities

ISLAMABAD: Karachi remained the cheapest among Pakistan’s top five big cities according to Inflation Monitor-August 2017, the detailed report issued by the State Bank of Pakistan (SBP), and Lahore emerged as the most expensive city in terms of cost of living.

According to the report, Karachi’s year-on-year consumer price index inflation (CPI) was in August recorded at 1.7 percent as compared to previous year’s 3.3 percent. The CPI remained at 5.1 percent in Lahore, stated the report, private news channel reported. “Among the five cities, the lowest inflation was observed in Karachi at 1.7 percent, while the highest inflation was observed in Lahore at 5.1 percent,” the SBP said.