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CPI inflation rises 6.17 percent in December 2018

KARACHI: Pakistan witnessed an increase in consumer price index-based inflation to reach 6.17 percent as compared to 3.75 percent in the corresponding period of the last year, according to the latest figures released by the Pakistan Bureau of Statistics on Wednesday.

 

 

On a month-on-month basis, CPI inflation during December 2018 declined 0.41 percent as compared to November 2018. During the first half of the current financial year (July-December 2018/19), monthly inflation increased 6.05 percent as compared to 3.75 percent in the same period of the last year, the data showed.

Core inflation during the month under review was 6.9 percent as compared to 4.7 percent in December 2017.

However, non-food and non-energy core inflation during the period under review increased 8.4 percent as compared to 5.5 percent during the same month of the last year.

On a monthly basis, a few commodities, which registered increase in their prices included train fares (19.30 percent), LPG (6.69 percent) gold tezabi (5.75 percent), pulse moong (4.06 percent), Lipton tea (3.48 percent), motorcycles (3.06 percent), pulse gram (2.96 percent), car tyres and tubes (2.70 percent), pulse masoor (2.65 percent), pulse mash (2.55 percent) and cooking oil (2.88 percent).

The prices of commodities, which registered decline in their prices last month included tomatoes (21.41 percent), potatoes (20.23 percent), onions (13.23 percent), train fares economy class (9.52 percent), chicken farm (6.80 percent), iron bar (2.39 percent), petrol (2.04 percent), diesel (1.77 percent), eggs (1.32 percent) and kerosene (one percent).

The prices of commodities, which recorded increase in their prices during the first half of the current financial year included gas (42.66 percent), kerosene (32.60 percent), motor fuel (26.41 percent), newspapers (19.31 percent), transport services (15.78 percent), motor vehicle (12.41 percent), education (12.16 percent), water supply (12.05 percent), spices (11.88 percent), meat (11.65 percent), construction input items (10.71 percent), dried fruits (10.61 percent), chicken (10.40 percent), doctor fee (10.33 percent) personal equipment (10.12 percent) and cosmetics (3.89 percent).

Meanwhile, during the period July-December 2018/19, the sensitive price indicator (SPI) grew 2.06 percent as against an increase of 1.33 percent in the same period of the last year, whereas wholesale price index (WPI) increased 11.58 percent as against 1.96 percent in the corresponding period of the last year.

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