Pakistan Inflation Rate Up to 4.3% in December


Pakistan inflation rate rose to 4.3 percent in December of 2014 from 3.96 percent in the previous month as food, clothing and housing, water, electricity and gas prices edged up.

Year-on-year, upward pressure came from cost of clothing and footwear (+8.1 percent) mainly due to a rise in prices of cotton; housing, water, electricity, gas and fuels ( +5.84 percent) and food and non-alcoholic beverages (+2.53 percent). The transport index registered the only negative contribution (-6.02 percent). 

On a monthly basis, the inflation rate fell 1.01 percent, compared to a 0.51 percent shortfall in the previous month, driven by a 2.84 percent decline in transport cost and a 2.3 percent drop in food prices. Price of housing, water, electricity, gas and fuels remained almost unchanged (+0.02 percent).

Core inflation (excluding food and energy) increased by 6.7 percent in December of 2014 compared to 6.9 percent in November of 2014. The month-on-month rate was unchanged at - 0.5 percent.

A year ago, inflation rate was recorded at 9.2 percent.

Pakistan Bureau of Statistics | Carolina Cunha | carolina.cunha@tradingeconomics.com
1/2/2015 12:50:40 PM