Home »Business and Economy » Pakistan » CPI reaches 6.05 percent on YoY basis
The Consumer Price Index (CPI), annual inflation rate, has reached 6.05 percent from 3.75 percent on year-on-year (YoY) basis from December 2017 to December 2018, said Pakistan Bureau of Statistic (PBS). The PBS collects the retail and wholesales prices to compute the CPI on yearly basis, Wholesales Price Index (WPI) on monthly basis and Sensitive Price Index (SPI) on weekly basis. In December 2018, the CPI reduced by 0.41 percent, WPI reduced by 0.88 percent while SPI witnessed an increase of 2 percent, according to the PBS.

According to the PBS, monthly inflation figures issued here on Wednesday on year-on-year basis, from December 2017 to December 2018 average natural gas prices have witnessed an increase of 42.66 percent; kerosene oil, 32.6 percent; motor fuel, 26.41 percent; newspaper, 19.31 percent; transport services, 15.78 percent; motor vehicles, 12.4 percent; education, 12.16 percent; water supply, 12.05 percent; spices, 11.88 percent; meat, 11.65 percent; construction input items, 10.71 percent; dry fruits, 10.61 percent; chicken, 10.40 percent; medical fee, 10.33 percent; personal equipment, 10.12 percent; and cosmetics, 10.1 percent.

The data said that over the year average prices of onions reduced by 34.34 percent; potatoes, 22.86 percent; pulse Mash, 18.57 percent; tomatoes, 9.23 percent; gram whole, 8.86 percent; pulse Masoor, 7.2 percent; besan, 4.85 percent; pulse Moong, 4.21 percent; fresh vegetables, 3.89 percent; pulse gram, 3.09 percent; eggs, 1.91 percent and sugar, 0.81 percent.

The data said that on year-on-year basis average trimmed core inflation increased from 4.7 percent to 6.9 percent. Non-food and non-energy core inflation increased from 5.5 percent to 8.4 percent.

On account of Consumer Price Index (CPI), on monthly basis prices of following commodities increased from the previous month: honey, 5.61%; pulse Moong, 4.06%; pulse gram, 2.96%; beans, 2.71%; pulse Mash, 2.55%; pulse Masoor, 2.29%; cooking oil, 1.92% and dry fruits went dearer by 1.74%.

Prices of following commodities decreased: fresh vegetables, 21.78%; tomatoes, 21.14%; potatoes, 20.23%; onions, 13.23%; chicken, 6.8%; fresh fruits, 1.83% and eggs, 1.31%.

According to the PBS data, on account of Consumers Price Index (CPI) inflation, on year-on-year basis from December 2017 to December 2018, the gas price increased by 85%, train fare, 56%; CNG, 30%; diesel, 29%; iron bar, 24%; petrol, 24%; kerosene oil, 22.2 percent; Gold Tezabi, 20.5 percent and mobile phone call charges, 18%.

Prices of the following items on year-on-year basis on account of CPI inflation reduced from December 2017 to December 2018: tomatoes, 56.3 percent; onions, 53.45 percent; potatoes, 36 percent; airfares, 22.2 percent; gram pulse whole, 16 percent; train fare, 13.6 percent; eggs, 9 percent; pulse Mash, 6.32 percent and pulse Masoor, 1.2 percent.

The CPI inflation general increased by 6.2% on year-on-year basis in December 2018 as compared to an increase of 6.5% in the past month and 4.6% in December 2017. On month-on-month basis, it witnessed a reduction of 0.4% in December 2018 as compared to an increase of 0.1% in the past month and decrease of 0.1% in December 2017.

Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 8.4% on (YoY) basis in December 2018 as compared to an increase of 8.3% in the previous month and 5.5% in December 2017. On MoM basis, it increased by 0.3% in December 2018 as compared to an increase of 0.4% in previous month and an increase of 0.2% in corresponding month of last year i.e. December 2017.

Core inflation measured by 20% weighted trimmed mean CPI (Core Trimmed) increased by 6.9% on YoY basis in December 2018 as compared to 6.7% in the previous month and 4.7% in December 2017. On MoM basis, it increased by 0.3% in December 2018 as compared to an increase of 0.3% in the previous month and an increase of 0.2% in corresponding month of last year i.e. December 2017.

The SPI inflation on YoY basis increased by 2.0% in December 2018 as compared to an increase of 1.3% a month earlier and an increase of 2.2% in December 2017. On MoM basis, no change was observed in December 2018 as compared to an increase of 0.3% in the previous month and a decrease of 0.7% in corresponding month of last year i.e. December 2017.

WPI inflation on YoY basis increased by 12.1% in December 2018 as compared to an increase of 13.5% a month earlier and an increase of 3.4% in December 2017. WPI inflation on MoM basis decreased by 0.9% in December 2018 as compared to an increase of 0.7% a month earlier and an increase of 0.4% in corresponding month of last year i.e. December 2017.

Copyright Business Recorder, 2019


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