Pakistan Inflation Rate Hits Double-Digit in November

In November of 2013, Pakistan annual inflation rate rose sharply to 10.9 percent, from 9.08 percent in September, boosted by higher food prices.

Food prices recorded the highest increase (5.02 percent on the year), after jumping 9.52 percent in the previous month. Upward pressures came mostly from cost of tomatoes (216.49 percent), potatoes (116.90 percent), onions (72.83 percent), fresh vegetables (31.55 percent), wheat (27.35 percent) and wheat flour (26.48 percent). Price decreases were recorded for pulse gram (30.41 percent), besan (28.16 percent), gram whole (22.90 percent), spices (16.73 percent) and eggs (3.68 percent). 

The highest non-food price increases were observed in postal services (24.60 percent), footwear (18.44 percent), cosmetics (16.61 percent), text books (16.02 percent) and electricity (15.82 percent). In contrast, cost of personal equipment decreased 1.11 percent.  

On a monthly basis, prices decelerated to 1.3 percent, from 2.0 percent in October. Core inflation measured by non-food non-energy CPI increased by 8.5 percent in November, compared to 8.4 percent in October and by 9.7 percent in November of 2012.

Pakistan Inflation Rate Hits Double-Digit in November

Joana Taborda |
12/3/2013 2:12:32 PM