State Bank of Pakistan Wednesday increased the discount rate by 200 basis points, tightening the monetary policy further in a bid to arrest the rising inflationary trends in the country. Governor, SBP Dr. Shamshad Akhtar announcing the interim monetary policy here said the country is facing multiple challenges and that 'we are going through an extraordinary crisis'. She blamed flaws in food supply system for the rise in food inflation, adding, increase in wheat support price will help overcome this problem. Dr. Akhtar said the rate of Consumer Price Index (CPI) rose to 35 per cent while the core inflation climbed to 21.7 per cent and the rate of inflation soared to 25 per cent. Governor SBP observed that the bank deposits have registered growth following the steps taken by the central bank in this regard.