Pakistan Inflation Rate Slows in January

In January of 2014, Pakistan inflation rate slowed for the second straight month to 7.9 percent after reaching a two-digit rate in November of 2013.

Food prices slowed to an annual 6.68 percent growth rate. Cost of onions eased to 46.80 percent from 78.24 percent in December; potatoes eased to 28.28 percent from 48.79 percent a month earlier and wheat decelerated to 17.83 percent (17.83 percent). Cost of tomatoes decreased 19.72 percent and sugar fell 2.50 percent. 

The highest non-food price increases were recorded for postal services (23.74 percent), cosmetics (17.82 percent), electricity (15.82 percent), text books (15.60 percent), cotton cloth (13.39 percent) and woolen readymade garments (13.08 percent).  

On a monthly basis, prices rose 0.49 percent in January, after falling 1.3 percent in the previous month. Cost of potatoes (-26.32 percent), onions (-23.92 percent), tomatoes (-12.00 percent), eggs (-8.77 percent), sugar (-4.06 percent) and tea (-3.58 percent) decreased.

Pakistan Inflation Rate Slows in January

Pakistan Bureau of Statistics | Joana Taborda |
2/3/2014 1:37:31 PM