Pakistan Inflation Rate At 10-Month High in July

In July of 2013, Pakistan inflation rate accelerated to 8.3 percent, from 5.9 percent in June, boosted by higher food prices. From the preceding month, prices increased 2 percent, up from 0.7 percent in June.

Year-on-year, prices of food and non-alcoholic beverages accelerated 8.9 percent, mainly due to a 20.9 percent increase in cost of perishable food items. Highest food price increases were registered in: tomatoes (247.10 percent), onions (61.82 percent), tea (25.34 percent), wheat flour (23.43 percent) and fresh vegetables (19.56 percent). In contrast, prices of pulse gram decreased 25.56 percent, besan (- 22.67 percent), spices (19.38 percent) and gram whole (- 18.50 percent). 

The highest non-food products price increases were registered in: postal services (25.98 percent), woolen readymade garments (18.92 percent), footwear (18.78 percent), tailoring (16.03 percent), cotton cloth (14.32 percent), cleaning and laundry (14.10 percent), newspapers (13.68 percent) and text books (12.95 percent).

On a month-over-month basis, the index for food and non-alcoholic beverages went up 2.72 percent in July, due to higher prices of tomatoes (79.83 percent), potatoes (24.9 percent) and fresh fruits (13.6 percent)

Year-on-year core inflation measured by non-food non-energy CPI accelerated to 8.2 percent in July, from 7.8 percent in June.

Pakistan Inflation Rate At 10-Month High in July

Pakistan Bureau of Statistics | Joana Taborda |
8/1/2013 11:10:15 AM