Pakistan Inflation Rate Slows in January

Pakistan annual inflation fell to 3.88 percent in the first month of 2015, from 4.3 percent recorded in December of 2014, as transport prices dropped due to lower cost of fuel.

Year-on-year, transport prices registered the only drop (-8.1 percent). In contrast, prices accelerated for clothing and footwear (8.09 percent); furnishing and household equipment (6.42 percent); housing, water, electricity and gas (+5.74 percent) and education (+3.94 percent). 

In January, food and non-alcoholic beverages rose by 2.13 percent. Perishable food prices increased 2.64 percent while cost of non-perishable food grew 2.06 percent.  Cost of fresh milk (+7.3 percent) and meat (+5.29 percent) increased.

Annual core inflation rate (excluding food and energy) slowed for the fourth consecutive month by 0.3 percent to 6.4 percent.

On a monthly basis, prices grew marginally by 0.08 percent, after falling 1 percent in the previous month. The decline was mainly due to a 2.13 drop in transport cost and a 0.5 percent decrease in prices of food.

Pakistan Inflation Rate Slows in January

Pakistan Bureau of Statistics | Carolina Cunha |
2/3/2015 4:56:13 PM