Pakistan Inflation Rate Down to 7.39% in September


In September of 2013, Pakistan annual inflation rate eased for the first time in four months to 7.39 percent, from 8.55 percent in August, mainly due to a slowdown in food prices. From August to September, prices declined 0.29 percent.

Year-on year, cost of food and non-alcoholic beverages slowed to 7.48 percent, from 10.12 percent in August. The highest food price increases were recorded for tomatoes (29.36 percent), onions (26.13 percent), tea (25.97 percent), wheat (24.31 percent), wheat flour (23.56 percent), gur (23.16 percent), and in wheat products (17.68 percent). In contrast, prices of pulse gram, besan, gram whole and spices shrank by 31, 27, 22.6 and 19.19 percent respectively.

The highest non-food price increases were registered in postal services (25.93 percent), footwear (18.56 percent), woolen readymade garments (18.05 percent), text books (15.92 percent), cotton cloth (15.72 percent) and tailoring (15.46 percent).

On a month-over-month basis, the index for food and non-alcoholic beverages declined 1.71 percent, mainly due to the 8.41 percent fall in perishable food prices. Lower prices were recorded for chicken (-24.5 percent), tomatoes (-23.6 percent) onions (-15.63 percent) and fresh fruits (-15.48 percent).

Year-on-year, core inflation rate measured by non-food non-energy CPI increased by 8.7 percent in September, from 8.5 percent in August, but went down from 10.4 percent a year ago.

Pakistan Inflation Rate Down to 7.39% in September


Pakistan Bureau of Statistics | Krisztina Györffy | krisztina@tradingeconomics.com
10/1/2013 11:29:26 AM