Pakistan Inflation Rate at 15-Month High in October

In October, Pakistan inflation rate quickened to 9.08 percent, from 7.39 percent in September, the fastest growth in 15 months, boosted by higher food prices. On a month-over-month basis, prices rose 1.97 percent.

Year-on-year, prices of food and non-alcoholic beverages accelerated to 9.52 percent, from 7.48 percent in September. The highest food price increases were recorded for tomatoes (+50.79 percent), potatoes (+44.41 percent), and then tea (+25 percent), followed by wheat flour (+24.32 percent), gut (+22.84 percent), chicken (+19.71 percent) and wheat product (+18.24 percent). In contrast cost of pulse gram, besan, gram whole and spices shrank by 31 percent, 27.6 percent, 23 percent and 18 percent respectively.

The highest non-food price increases were observed in postal services (+25 percent), footwear (+19 percent), cosmetics (+17 percent) and in woolen readymade garments (+16 percent).

On a month-over-month basis, the index for food and non-alcoholic beverages rose 1.78 percent, up from a 1.71 percent decline in the previous month, mainly due to a jump in cost of perishable food items (+8.8 percent). Lower prices were recorded for gram whole (-1.3 percent), pulse gram (-1 percent), egg (-1 percent) and besan (-0.8 percent).

Year-on-year, core inflation measured by non-food non-energy CPI increased by 8.4 percent in October 2013, as compared to 8.7 percent in September.

Pakistan Inflation Rate at 15-Month High in October

Pakistan Bureau of Statistics | Krisztina Györffy |
11/1/2013 10:14:16 AM