Pakistan Inflation Rate Up To 8.5% in March

Pakistan annual inflation rate increased to 8.5 percent in March of 2014, from 6.6 a year earlier and 7.9 percent recorded in February of 2014, as food, housing, water, electricity and gas prices edged up.

Upward pressures came from the heavily-weighted food and non-alcoholic beverages index (+8.84 percent) and housing, water, electricity, gas & fuels index (+9.21 percent). Alcoholic beverage & tobacco prices rose the most (+16.04 percent), followed by restaurants and hotels (+13.2 percent), clothing and footwear (+11.63 percent), furnishing and household equipment (+8.98 percent), recreation and culture (+7.76 percent).

On month-on-month basis, the CPI increased by 0.96 percent, compared to a 0.3 percent fall in the previous month and 0.4 percent in the same month last year, mainly due to a rise in food and non-alcoholic beverage cost.

From February to March, prices accelerated for tomatoes (53.32 percent), potatoes (39.17 percent), eggs (15.29 percent), fresh fruits (9.28 percent), pulse moong (6.31 percent), chicken (6.11 percent), sugar (4.21 percent), fish (2.79 percent), pulse Masoor (2.44 percent), betel leaves & nuts (1.53 percent), pulse mash (1.29 percent), vegetable ghee (1.22 percent), wheat (1.16 percent), condiments (1.06 percent), and wheat flour (1.03 percent).

Pakistan Inflation Rate Up To 8.5% in March

Pakistan Bureau of Statistics | Isabel Felino |
4/1/2014 12:00:42 PM