In July 2021, Pakistan experienced a notable shift in inflationary trends, with the headline inflation based on the Consumer Price Index (CPI) registering at 8.4 percent year-on-year, down from 9.7 percent in June 2021.
(more…)Tag: Consumer Price Index
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Consumer prices inflate by 9.7 percent in June 2021
ISLAMABAD: The inflation based on Consumer Price Index (CPI) has increased by 9.7 percent on year-on-year basis in June 2021 as compared to an increase of 10.9 per cent in the previous month and 8.6 per cent in June 2020, Pakistan Bureau of Statistics (PBS) said on Thursday.
On month-on-month basis, it decreased by 0.2 per cent in June 2021 as compared to an increase of 0.1 per cent in the previous month and an increase of 0.8 per cent in June 2020.
CPI inflation Urban, increased by 9.7 per cent on year-on-year basis in June 2021 as compared to an increase of 10.8 per cent in the previous month and 7.6 per cent in June 2020. On month-on-month basis, it decreased by 0.4 per cent in June 2021 as compared to an increase of 0.2 per cent in the previous month and an increase of 0.7 per cent in June 2020.
CPI inflation Rural, increased by 9.7 per cent on year-on-year basis in June 2021 as compared to an increase of 10.9 per cent in the previous month and 10.0 per cent in June 2020. On month-on-month basis, it decreased by 0.1 per cent in June 2021 as compared to a decrease of 0.03 per cent in the previous month and an increase of 1.0 per cent in June 2020.
Sensitive Price Indicator (SPI) inflation on YoY increased by 17.6 per cent in June 2021 as compared to an increase of 19.7 per cent a month earlier and an increase of 11.5 per cent in June 2020. On MoM basis, it decreased by 0.4 per cent in June 2021 as compared to an increase of 0.8 per cent a month earlier and an increase of 1.4 per cent in June 2020.
Wholesale Price Indicator (WPI) inflation on YoY basis increased by 20.9 per cent in June 2021 as compared to an increase of 19.4 per cent a month earlier and an increase of 0.9 per cent in June 2020. WPI inflation on MoM basis increased by 0.9 per cent in June 2021 as compared to an increase of 0.3 per cent a month earlier and a decrease of 0.3 per cent in corresponding month i.e. June 2020.
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April inflation records double digit increase
Pakistan’s headline inflation, based on the Consumer Price Index (CPI), witnessed a notable increase of 11.10 percent on a year-on-year (YoY) basis in April 2021, according to data released by the Pakistan Bureau of Statistics (PBS).
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Consumer confidence declines in first quarter of 2021
KARACHI: The consumer confidence index has declined by over 10 percent in the first quarter of 2021 owing to concerns over the current economic situation owing to imposition of restrictions to prevent spread of coronavirus.
Dun & Bradstreet Pakistan and Gallup Pakistan issued their report on ‘Pakistan Consumer Confidence Index (CCI)’ for Q1 2021 on Thursday.
The CCI report has been developed by assessing Consumers’ Confidence about the economy as well as their personal financial situation. The Index covers four key parameters i.e., Household Financial Situation, Country’s Economic Condition, Unemployment, and Household Savings.
The Index is a reflection of ‘Current Situation’ (economic changes felt in the last six months), as well as ‘Future Expectations’ (changes expected for next 6 months) of consumers across the country.
The CCI ranges from 0 to 200, with 100 as the neutral value. A score of less than 100 indicates pessimism. The CCI was 80.8 points in Q1 2021, compared to 90.3 points in Q4 2020, translating into 10.5 percent q-o-q decrease. This deterioration in sentiment is driven by restrictions imposed on business operations by the government to counter the third wave of the pandemic.
Consumers reported a greater decline in Future Expectations (down 12.0 percent) due to prevailing uncertainty, compared to the Current Situation, which also declined by 8.3 percent this quarter.
Nauman Lakhani, Country Lead of Dun & Bradstreet in Pakistan stated, “The fifth issue of Pakistan Consumer Confidence marks the beginning of the calendar year 2021.
A decline of over 10 percent q-o-q in the Consumer Confidence reflects increasing concerns amongst respondents. Consumers reported a greater decline in Future Expectations compared to Current Situation which demonstrates that consumers are more apprehensive about Future.”
Bilal Ijaz Gilani, Executive Director Gallup Pakistan, added, “In the first quarter of 2021, CCI shows a consumer who is both increasingly concerned about the present economic situation and also apprehensive about the future. Unemployment concerns have been rising to mid-2020 level as the government imposes lockdown in major cities, curtail business hours, and shut schools in wake of the third wave of the COVID-19 pandemic.
Inflation at high 7-8 percent continues to eat purchasing power of the common consumer. With the new Finance Minister, we at Gallup hope that growth enhancing policies will be introduced to bring short term relief to consumers.”
During the current quarter, all CCI parameters witnessed an overall decline. Consumer sentiments witnessed the largest deterioration in regards to Economic Condition of the Country which declined by 16.0 percent on account of resumption of smart lockdown.
During Q1 2021, Household Financial Situation was the only CCI parameter that managed to stay above 100 points despite decreasing for the first time since Q1 2020.
Furthermore, Unemployment continues to drag consumers’ enthusiasm and remained the most pessimistic parameter. Unemployment Situation deteriorated by 15.7 percent q-o-q, more than half (53 percent) of respondents believe that Unemployment will increase in the next six months compared to 42 percent in Q4 2020 and 39 percent in Q3 2020.
During Q1 2021 survey, 92 percent consumers believed that daily essentials have continued to become expensive / very expensive in the last 6 months compared to 93 percent in Q4 2020.
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Headline inflation increases by 9.1 percent in March
ISLAMABAD: Headline inflation based on Consumer Price Index (CPI) has increased by 9.1 percent on year on year basis in March 2021 as compared to an increase of 8.7 percent in February 2021 and 10.2 percent in March 2020, Pakistan Bureau of Statistics (PBS) said on Thursday.
On month-on-month basis, it increased by 0.4 percent in March 2021 as compared to an increase of 1.8 percent in the previous month and an increase of 0.02 percent in March 2020.
CPI inflation Urban, increased by 8.7 percent on year-on-year basis in March 2021 as compared to an increase of 8.6 percent in the previous month and 9.3 percent in March 2020.
On month-on-month basis, it increased by 0.3 percent in March 2021 as compared to an increase of 2.3 percent in the previous month and an increase of 0.1 percent in March 2020.
CPI inflation Rural, increased by 9.5 percent on year-on-year basis in March 2021 as compared to an increase of 8.8 percent in the previous month and 11.7 percent in March 2020.
On month-on-month basis, it increased by 0.5 percent in March 2021 as compared to an increase of 1.1 percent in the previous month and a decrease of 0.1 percent in March 2020.
Sensitive Price Indicator (SPI) based inflation on YoY increased by 18.7 percent in March 2021 as compared to an increase of 11.9 percent a month earlier and an increase of 11.8 percent in March 2020.
On MoM basis, it increased by 5.7 percent in March 2021 as compared to an increase of 3.1 percent a month earlier and a decrease of 0.3 percent in March 2020.
Wholesale Price Index (WPI) based inflation on YoY basis increased by 14.6 percent in March 2021 as compared to an increase of 9.5 percent a month earlier and an increase of 9.3 percent in March 2020.
WPI inflation on MoM basis increased by 3.7 percent in March 2021 as compared to an increase of 2.2 percent a month earlier and a decrease of 0.9 percent in corresponding month i.e. March 2020.
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Headline inflation increases by 8.7pc in February
ISLAMABAD: The headline inflation i.e. Consumer Price Index (CPI) increased by 8.7 percent in February 2021 on year on year basis, Pakistan Bureau of Statistics (PBS) said on Monday.
CPI inflation General, increased by 8.7 percent on year-on-year basis in February 2021 as compared to an increase of 5.7 percent in the previous month and 12.4 percent in February 2020.
On month-on-month basis, it increased by 1.8 percent in February 2021 as compared to a decrease of 0.2 percent in the previous month and a decrease of 1.0 percent in February 2020.
CPI inflation Urban, increased by 8.6 percent on year-on-year basis in February 2021 as compared to an increase of 5.0 percent in the previous month and 11.2 percent in February 2020.
On month-on-month basis, it decreased by 2.3 percent in February 2021 as compared to a decrease of 0.2 percent in the previous month and a decrease of 1.1 percent in February 2020.
CPI inflation Rural, increased by 8.8 percent on year-on-year basis in February 2021 as compared to an increase of 6.6 percent in the previous month and 14.2 percent in February 2020. On month-on-month basis, it increased by 1.1 percent in February 2021 as compared to a decrease of 0.3 percent in the previous month and a decrease of 1.0 percent in February 2020.
The Sensitive Price Indicatory (SPI) inflation on YoY increased by 11.9 percent in February 2021 as compared to an increase of 7.7 percent a month earlier and an increase of 14.5 percent in February 2020. On MoM basis, it increased by 3.1 percent in February 2021 as compared to a decrease of 0.8 percent a month earlier and a decrease of 0.8 percent in February 2020.
Wholesale Price Index (WPI) inflation on YoY basis increased by 9.5 percent in February 2021 as compared to an increase of 6.4 percent a month earlier and an increase of 12.7 percent in February 2020. WPI inflation on MoM basis increased by 2.2 percent in February 2021 as compared to an increase of 2.5 percent a month earlier and a decrease of 0.7 percent in corresponding month i.e. February 2020.
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Headline inflation contracts to 8.63 percent in first half
ISLAMABAD: The average headline inflation based on Consumer Price Index (CPI) contracted to 8.63 percent during the first half (July – December) of the current fiscal year, Pakistan Bureau of Statistics (PBS) said on Friday.
The average inflation during the same half of the last fiscal year was 11.11 percent, it added. Whereas the average inflation was 5.96 percent during the same half of the fiscal year 2018/2019.
The PBS said that CPI inflation general, increased by8.0 percent on year-on-year basis in December 2020 as compared to an increase of 8.3 percent in the previous month and 12.6 percent in December2019.
On month-on-month basis, it decreased by 0.7 percent in December 2020 as compared to an increase of 0.8 percent in the previous month and a decrease of 0.3 percent in December 2019
CPI inflation Urban, increased by 7.0 percent on year-on-year basis in December 2020 as compared to an increase of 7.0 percent in the previous month and 12.0 percent in December 2019.
On month-on-month basis, it decreased by 0.3 percent in December 2020 as compared to an increase of 0.6 percent in the previous month and a decrease of 0.4 percent in December2019.
CPI inflation Rural, increased by 9.5 percent on year-on-year basis in December 2020 as compared to an increase of 10.5 percent in the previous month and 13.6 percent in December 2019.
On month-on-month basis, it decreased by 1.2 percent in December 2020 as compared to an increase of 1.1 percent in the previous month and a decrease of 0.3 percent in December 2019.
Sensitive Price Indicator (SPI) inflation on YoY increased by 9.1 percent in December 2020 as compared to an increase of 9.9 percent a month earlier and an increase of 18.1 percent in December 2019.
On MoM basis, it decreased by 2.7 percent in December 2020 as compared to an increase of 1.1 percent a month earlier and a decrease of 2.0 percent in December 2019.
Wholesale Price Indicator (WPI) inflation on YoY basis increased by 5.7 percent in December 2020 as compared to an increase of 5.0 percent a month earlier and an increase of 12.4 percent in December 2019.
WPI inflation on MoM basis increased by 0.3 percent in December 2020 as compared to a decrease of 0.9 percent a month earlier and a decrease of 0.3 percent in corresponding month i.e. December 2019.
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Headline inflation contracts at 8.3 percent in November
ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) in Pakistan witnessed a contraction of 8.3 percent on a Year-on-Year (YoY) basis in November 2020, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.
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Headline inflation contracts at 8.9 percent in October
ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has contracted by 8.9 percent on year-on-year basis in October 2020 as compared to an increase of 9.0 percent in the previous month and 11.0 percent in October 2019.
On month-on-month basis, it increased by 1.7 percent in October 2020 as compared to an increase of 1.5 percent in the previous month and an increase of 1.8 percent in October 2019, Pakistan Bureau of Statistics (PBS) said on Monday.
CPI inflation Urban, increased by 7.3 percent on year-on-year basis in October 2020 as compared to an increase of 7.7 percent in the previous month and 10.9 percent in October 2019. On month-on-month basis, it increased by 1.3 percent in October 2020 as compared to an increase of 1.3 percent in the previous month and an increase of 1.6 percent in October 2019.
CPI inflation Rural, increased by 11.3 percent on year-on-year basis in October 2020 as compared to an increase of 11.1 percent in the previous month and 11.3 percent in October 2019. On month-on-month basis, it increased by 2.4 percent in October 2020 as compared to an increase of 2.0 percent in the previous month and an increase of 2.2 percent in October 2019.
Sensitive Price Indicator (SPI) inflation on YoY increased by 12.3 percent in October 2020 as compared to an increase of 12.0 percent a month earlier and an increase of 15.1 percent in October 2019. On MoM basis, it increased by 3.0 percent in October 2020 as compared to an increase of 2.1 percent a month earlier and an increase of 2.7 percent in October 2019.
Wholesale Price Index (WPI) inflation on YoY basis increased by 5.1 percent in October 2020 as compared to an increase of 4.3 percent a month earlier and an increase of 13.3 percent in October 2019. WPI inflation on MoM basis increased by 2.9 percent in October 2020 as compared to a decrease of 1.0 percent a month earlier and an increase of 2.0 percent in corresponding month (October 2019) of last year.
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Headline inflation increases by 9 percent in September
ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 9.0 percent on year-on-year basis in September 2020 as compared to an increase of 8.2 percent in the previous month and 11.4 percent in September 2019, Pakistan Bureau of Statistics (PBS) said on Friday.
On month-on-month basis, it increased by 1.5 percent in September 2020 as compared to an increase of 0.6 percent in the previous month and an increase of 0.8 percent in September 2019.
CPI inflation Urban, increased by 7.7 percent on year-on-year basis in September 2020 as compared to an increase of 7.1 percent in the previous month and 11.6 percent in September 2019. On month-on-month basis, it increased by 1.3 percent in September 2020 as compared to an increase of 0.8 percent in the previous month and an increase of 0.7 percent in September 2019.
CPI inflation Rural, increased by 11.1 percent on year-on-year basis in September 2020 as compared to an increase of 9.9 percent in the previous month and 11.1 percent in September 2019. On month-on-month basis, it increased by 2.0 percent in September 2020 as compared to an increase of 0.4 percent in the previous month and an increase of 0.8 percent in September 2019.
Sensitive Price Indicator (SPI) inflation on YoY increased by 12.0 percent in September 2020 as compared to an increase of 11.7 percent a month earlier and an increase of 14.7 percent in September 2019. On MoM basis, it increased by 2.1 percent in September 2020 as compared to an increase of 0.9 percent a month earlier and an increase of 1.9 percent in September 2019.
Wholesale Price Index (WPI) inflation on YoY basis increased by 4.3 percent in September 2020 as compared to an increase of 3.3 percent a month earlier and an increase of 15.9 percent in September 2019. WPI inflation on MoM basis increased by 1.0 percent in September 2020 as compared to a decrease of 1.3 percent a month earlier and an increase of 0.1 percent in corresponding month of last year i.e. September 2019.