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Tag: Headline inflation

  • Pakistan’s inflation sharply up by 13.4% in April 2022

    Pakistan’s inflation sharply up by 13.4% in April 2022

    ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased sharply by 13.4 per cent in April 2022, according to details released on Sunday.

    Pakistan Bureau of Statistics (PBS) said that CPI inflation General, increased by 13.4 per cent on year-on-year basis in April 2022 as compared to an increase of 12.7 per cent in the previous in March 2022 and 11.1 per cent in April 2021.

    READ MORE: Pakistan’s headline inflation increases by 12.7% in March

    On month-on-month basis, it increased by 1.6 per cent in April 2022 as compared to increase of 0.8 per cent in March 2022 and increase of 1.0 per cent in April 2021.

    CPI inflation Urban, increased by 12.2 per cent on year-on-year basis in April 2022 as compared to an increase of 11.9 per cent in the previous month and 11.0 per cent in April 2021.

    READ MORE: Food inflation rural increases by 14.6% in February 2022

    On month-on-month basis, it increased by 1.6 per cent in April 2022 as compared to increase of 0.7 per cent in the previous month and increase of 1.3 per cent in April 2021.

    CPI inflation Rural, increased by 15.1 per cent on year-on-year basis in April 2022 as compared to an increase of 13.9 per cent in the previous month and 11.3 per cent in April 2021.

    On month-on-month basis, it increased by 1.6 per cent in April 2022 as compared to increase of 1.0 per cent in the previous month and increase of 0.6 per cent in April 2021.

    READ MORE: Pakistan’s inflation climbs up 24-month high in January

    Sensitive Price Indicator (SPI) inflation on YoY increased by 14.2 per cent in April 2022 as compared to an increase of 13.0 per cent a month earlier and an increase of 21.3 per cent in April 2021.

    On MoM basis, it increased by 1.5 per cent in April 2022 as compared to increase of 0.6 per cent a month earlier and increase of 0.4 per cent in April 2021.

    READ MORE: Sales tax exempted on all petroleum products

    Wholesale Price Index (WPI) inflation on YoY basis increased by 28.1 per cent in April 2022 as compared to an increase of 23.8 per cent a month earlier and an increase of 16.6 per cent in April 2021.

    WPI inflation on MoM basis increased by 3.2 per cent in April 2022 as compared to increase of 3.9 per cent a month earlier and a decrease of -0.4 per cent in corresponding month i.e. April 2021.

  • Pakistan’s headline inflation increases by 12.7% in March

    Pakistan’s headline inflation increases by 12.7% in March

    ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 12.7 per cent in March 2022 on year on year (YoY) basis as compared with an increase of 12.2 per cent in the previous month and 9.1 per cent in March 2021.

    On month-on-month basis, it increased by 0.8 per cent in March 2022 as compared to increase of 1.2 per cent in the previous month and increase of 0.4 per cent in March 2021, according to data released by Pakistan Bureau of Statistics (PBS) on Friday.

    READ MORE: Food inflation rural increases by 14.6% in February 2022

    CPI inflation Urban, increased by 11.9 per cent on year-on-year basis in March 2022 as compared to an increase of 11.5 per cent in the previous month and 8.7 per cent in March 2021. On month-on-month basis, it increased by 0.7 per cent in March 2022 as compared to increase of 0.9 per cent in the previous month and increase of 0.3 per cent in March 2021.

    READ MORE: Pakistan’s inflation climbs up 24-month high in January

    CPI inflation Rural, increased by 13.9 per cent on year-on-year basis in March 2022 as compared to an increase of 13.3 per cent in the previous month and 9.5 per cent in March 2021. On month-on-month basis, it increased by 1.0 per cent in March 2022 as compared to increase of 1.5 per cent in the previous month and increase of 0.5 per cent in March 2021.

    READ MORE: Sales tax exempted on all petroleum products

    Sensitive Price Indicatory (SPI) inflation on YoY increased by 13.0 per cent in March 2022 as compared to an increase of 18.7 per cent a month earlier and an increase of 18.7 per cent in March 2021. On MoM basis, it increased by 0.6 per cent in March 2022 as compared to increase of 1.3 per cent a month earlier and increase of 5.7 per cent in March 2021.

    READ MORE: PM Imran reduces, freezes POL prices

    Wholesale Price Index (WPI) inflation on YoY basis increased by 23.8 per cent in March 2022 as compared to an increase of 23.6 per cent a month earlier and an increase of 14.6 per cent in March 2021. WPI inflation on MoM basis increased by 3.9 per cent in March 2022 as compared to increase of 1.9 per cent a month earlier and an increase of 3.7 per cent in corresponding month i.e. March 2021.

  • January headline inflation may clock near 13%

    January headline inflation may clock near 13%

    KARACHI: The headline inflation based on Consumer Price Index (CPI) may clock near 13 per cent for the month of January 2022.

    Analysts at Arif Habib Limited forecast that January 2022 inflation to settle at 12.97 per cent Year on Year (YoY) compared to 5.65 per cent in January 2021 and 12.28 per cent in December 2021, respectively.

    This will take the average inflation to 10.24 per cent during first seven months (July – January) 2021/2022 compared to 8.21 per cent in corresponding months of the last fiscal year.

    READ MORE: Mini-budget likely to push up inflation: SBP

    The YoY uptick in CPI will likely be led by Food (12.5 per cent YoY), Clothing & Footwear (13.3 per cent YoY), Alcoholic Beverages & Tobacco (2.2 per cent YoY), Housing (15.0 per cent YoY), House Hold Equipment (13.5 per cent YoY) and Miscellaneous (9.4 per cent YoY).

    The analysts predicted that on a Month on Month (MoM) basis, CPI reading to increase 0.4 per cent. While Housing and Transport index are likely to keep MoM inflation up, food index is expected to decline 0.7 per cent MoM.

    This is the second consecutive MoM decline in food index in the current fiscal year.

    READ MORE: Headline inflation rises by 12.3% in December 2021

    As per Sensitive Price Index (SPI) data published by the Pakistan Bureau of Statistics (PBS), average prices of Potatoes, Tomatoes and Condiments and Spices are expected to register a decline of 13 per cent, 35 per cent and 21 per cent MoM, respectively which will keep the food index contained.

    On the other hand, prices of essential food items like Fresh Fruits and Onions are expected to increase 8 per cent MoM and 5 per cent MoM, respectively. However, quarterly adjustment in House rent and increase in petroleum products will keep the Housing index and Transport Index up 0.5 per cent MoM and 1.9 per cent MoM, respectively.

    READ MORE: Headline inflation surges by 11.5% in November 2021

    Inflation has witnessed slowdown recently with supply-side pressures from food showing a decline and core-inflation still under control. However, going forward we expect inflation to remain in check on account of adjustments in electricity price (base tariff hike-which is expected in phased manner), any increase in prices of petroleum products owing to higher international oil prices and surge in prices of perishable and nonperishable food items in the month of Ramadan.

    The analysts expect average inflation for FY22 to remain in double digit, above 10 per cent YoY. On monetary policy front, the SBP kept policy rate unchanged at 9.75 per cent in its recent January 2022 Monetary Policy Statement (MPS).

    READ MORE: Headline inflation increases by 9.2% in October

    The Committee no longer targets mildly positive interest rates as it believes the current levels appear appropriate for the economy.

  • Headline inflation grows by 5.7 percent in January

    Headline inflation grows by 5.7 percent in January

    ISLAMBAD: The headline inflation based on Consumer Price Index (CPI) has increased by 5.7 percent in the month of January 2021, according to data released by Pakistan Bureau of Statistics (PBS).

    The headline inflation in January 2021 was increased when compared to an increase of 8.0 percent in the previous month and 14.6 percent in January 2020.

    On month-on-month basis, it decreased by 0.2 percent in January 2021 as compared to a decrease of 0.7 percent in the previous month and an increase of 2.0 percent in January 2020.

    CPI inflation Urban, increased by 5.0 percent on year-on-year basis in January 2021 as compared to an increase of 7.0 percent in the previous month and 13.4 percent in January 2020. On month-on-month basis, it decreased by 0.2 percent in January 2021 as compared to a decrease of 0.3 percent in the previous month and an increase of 1.7 percent in January 2020.

    CPI inflation Rural, increased by 6.6 percent on year-on-year basis in January 2021 as compared to an increase of 9.5 percent in the previous month and 16.3 percent in January 2020. On month-on-month basis, it decreased by 0.3 percent in January 2021 as compared to a decrease of 1.2 percent in the previous month and an increase of 2.4 percent in January 2020.

    Sensitive Price Indicator (SPI) inflation on YoY increased by 7.7 percent in January 2021 as compared to an increase of 9.1 percent a month earlier and an increase of 18.3 percent in January 2020. On MoM basis, it decreased by 0.8 percent in January 2021 as compared to a decrease of 2.7 percent a month earlier and an increase of 0.5 percent in January 2020.

    Wholesale Price Index (WPI) inflation on YoY basis increased by 6.4 percent in January 2021 as compared to an increase of 5.7 percent a month earlier and an increase of 15.4 percent in January 2020. WPI inflation on MoM basis increased by 2.5 percent in January 2021 as compared to an increase of 0.3 percent a month earlier and an increase of 1.8 percent in corresponding month i.e. January 2020.

  • Headline inflation contracts at 8.9 percent in October

    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.

  • Headline inflation contracts to 8.5 percent in April

    Headline inflation contracts to 8.5 percent in April

    ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) contracted to single digit i.e. 8.5 percent in April 2020 as compared with an increase of 10.2 percent in the previous month, Pakistan Bureau of Statistics (PBS) said on Friday.

    The PBS said that CPI inflation general increased by 8.5 percent on year-on-year basis in April 2020 as compared to an increase of 10.2 percent in the previous month and 8.3 percent in April 2019.

    On month-on-month basis, it decreased by 0.8 percent in April 2020 as compared to an increase of 0.04 percent in the previous month and an increase of 0.7 percent in April 2019.

    CPI inflation Urban increased by 7.7 percent on year-on-year basis in April 2020 as compared to an increase of 9.3 percent in the previous month and 8.4 percent in April 2019. On month-on-month basis, it decreased by 0.7 percent in April 2020 as compared to an increase of 0.1 percent in the previous month and an increase of 0.8 percent in April 2019.

    CPI inflation Rural, increased by 9.8 percent on year-on-year basis in April 2020 as compared to an increase of 11.7 percent in the previous month and 8.1 percent in April 2019. On month-on-month basis, it decreased by 1.1 percent in April 2020 as compared to a decrease of 0.1 percent in the previous month and an increase of 0.6 percent in April 2019.

    Sensitive Price Indicator (SPI) inflation on YoY increased by 9.0 percent in April 2020 as compared to an increase of 11.8 percent a month earlier and an increase of 10.0 percent in April 2019.

    On MoM basis, it decreased by 2.0 percent in April 2020 as compared to a decrease of 0.3 percent a month earlier and an increase of 0.5 percent in April 2019.

    Wholesale Price Index (WPI) inflation on YoY basis increased by 5.1 percent in April 2020 as compared to an increase of 9.2 percent a month earlier and an increase of 17.1 percent in April 2019.

    WPI inflation on MoM basis decreased by 2.1 percent in April 2020 as compared to a decrease of 0.9 percent a month earlier and an increase of 1.8 percent in corresponding month of last year i.e. April 2019.

  • Headline inflation increases by 10.3pc in July 2019

    Headline inflation increases by 10.3pc in July 2019

    ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 10.3 percent on year-on-year basis in July, 2019, said Pakistan Bureau of Statistics (PBS) on Thursday.

    The inflation has been increased as compared to an increase of 8.9 percent in the previous month and 5.8 percent in July 2018.

    On month-on-month basis, it increased by 2.3 percent in July 2019 as compared to an increase of 0.4 percent in the previous month and an increase of 0.9 percent in corresponding month i.e. July 2018.

    Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 7.8 percent on (YoY) basis in July 2019 as compared to an increase of 7.2 percent in the previous month and 7.6 percent in July 2018. On (MoM) basis, it in-creased by 1.7 percent in July 2019 as compared to an increase of 0.3 percent in previous month, and an increase of 1.2 percent in corresponding month of last year i.e. July 2018.

    Core inflation, measured by 20 percent weighted trimmed mean CPI (Core Trimmed) increased by 8.0 percent on (YoY) basis in July 2019 as compared to 7.3 percent in the previous month and by 5.9 percent in July 2018.

    On (MoM) basis, it increased by 1.7 percent in July 2019 as compared to an increase of 0.4 percent in the previous month and an increase of 0.9 percent in cor-responding month of last year i.e. July 2018.

    Sensitive Price Indicator (SPI) based inflation on YoY basis increased by 12.2 percent in July 2019 as compared to an increase of 10.6 percent a month earlier and an increase of 3.6 percent in July 2018.

    On MoM basis, it increased by 2.6 percent as compared to an increase of 1.6 percent in the previous month and an increase of 1.2 percent in corresponding month of last year i.e. July 2018.

    Wholesale Price Index (WPI0 inflation on YoY basis increased by 13.5 percent in July 2019 as compared to an increase of 12.7 percent a month earlier and an increase of 10.5 percent in July 2018.

    WPI inflation on MoM basis increased by 3.1 percent in July 2019 as compared to an increase of 0.3 percent a month earlier and an increase of 2.4 percent in corresponding month of last year i.e. July 2018.