www.thefinancialdaily.com  Flood-pushed food prices up Aug CPI Inflation in August at 13.23pc YoY Staff Reporter KARACHI: Country's inflation rose to a four-month high in August as the devastating floods forced food prices to go higher, data showed Thursday. The consumer price index (CPI) hit a higher-than-expected 13.23 per cent from a year earlier and it was up 2.5 per cent from July, the Federal Bureau of Statistics said. The inflation was absolute matched with expectation as TFD have estimated inflation (CPI) around 13.2 per cent YoY for the month of August. As most of brokerage houses were predicating inflation at lower side mainly due to underestimating the impact of food inflation but we rightly do so. August's annual inflation rate was the highest since April, when it was 13.26 per cent. Food prices in August rose 15.6 per cent from a year earlier. The wholesale price index (WPI) rose 19.22 per cent in August from a year ago and it was up 2.62 per cent from July. The central bank is due to review monetary policy at the end of September. Analysts said the central bank was likely to keep the policy rate unchanged at 13 per cent, until it can better assess the damage to the economy from the floods. It raised the policy rate by 50 basis points to 13 per cent in July to reinforce its fight against inflation and a widening fiscal deficit.