Pakistan Inflation Rate Falls in December

In December of 2013, Pakistan’s inflation rate slowed to an annual 9.2 percent, compared to 10.9 percent in the previous month, due to a slowdown in food prices. A year earlier, the inflation was recorded at 7.9 percent.

Food prices increased 8.9 percent on an annual basis. Upward pressures came mostly from cost of onions (78.24 percent), potatoes (48.79 percent), tomatoes (46.98 percent), wheat (30.87 percent), and pulse masoor (18.15 percent). Downward pressures came from prices of pulse Gram (29.24 percent), besan (26.55 percent), gram whole (21.22 percent), spices (16.08 percent), eggs (4.74 percent), fresh fruits (3.27 percent) and vegetable ghee (1.56 percent). On a monthly basis, prices of food and non-alcoholic beverages decreased 3.68 percent. 

The highest non-food price increases were recorded for postal services (24.42 percent), cosmetics (17.81 percent), electricity (15.82 percent), text books (15.60 percent), tailoring (14.79 percent), woolen readymade garments (13.11 percent), cotton cloth (13.07 percent) and motor fuel (12.69 percent). Price decreases were recorded for personal equipment (2.04 percent).

On a monthly basis, prices fell 1.3 percent, after rising 1.3 percent in November. Core inflation measured by non-food non-energy CPI increased by 8.2 percent in December, compared to 8.5 percent in November.

Pakistan Inflation Rate Falls in December

Pakistan Bureau of Statistics | Joana Taborda |
1/2/2014 3:28:25 PM