Pakistan’s headline inflation accelerated in June amid higher food and fuel costs even as the nation closes in on a International Monetary Fund bailout. Consumer prices rose 21.32% last month from a year earlier, according to data released by the government Friday. That compares with a median estimate for a 17.9% gain in a Bloomberg survey of economists and a 13.8% acceleration in May. The price gain in June could further complicate matters for the country’s central bank that will meet July 7 to review interest rates. Pakistan’s central bank has raised rates by 400 basis points since the beginning of the year to tame rising prices. A surge in global commodity prices, falling currency and rising import bill has contributed to Asia’s second fastest inflation. Pakistan’s administration has raised domestic fuel prices by up to 92% in a month to meet the IMF’s requirements. Pakistan is looking to […]