Pakistan Inflation Rate Up to 4-Month High


Pakistan annual inflation rate accelerated for the third straight month to 9.2 percent in April of 2014, up from 8.5 percent in the previous month and compared with 5.8 percent a year earlier, driven by higher food cost.

Year-on-year, prices accelerated for food and non-alcoholic beverages (+9.53 percent yoy, from 8.84 percent in March of 2014), alcoholic beverages and tobacco (+16.09 percent from 16.04 percent), housing, water, electricity, gas and fuels (+9.65 percent from +9.21 percent), furnishing and household equipment maintenance (+9.48 percent from 8.98 percent), transport (+4.21 percent from 3.75 percent), education (+14.34 percent from 6.88 percent), restaurants and hotels (+13.59 percent from 13.20 percent).

In contrast, prices of clothing (11.24 percent from 11.63 percent), health (7.05 from 7.22 percent), communication (0.90 from 0.94 percent), recreation and culture (7.02 percent from 7.67 percent) slowed.

From March to April, consumer prices accelerated 1.7 percent, up from 1.0 percent in the previous period, due to higher cost of clothing and footwear (1.22 percent), food and non-alcoholic beverages (2.11 percent).

Among food products, the highest upward pressures came from potatoes (42.06 percent), fresh fruits (22.02 percent), fresh vegetables (14.72 percent), onions (9.04 percent), beverages (3.46 percent), betel leaves and nuts (2.87 percent), chicken (2.63 percent), milk powder (2.36 percent), condiments (1.48 percent), pulse moong (1.37 percent), milk products (1.32 percent) and fish (1.0 percent).

Core inflation measured by non-food non-energy CPI increased by 8.5 percent yoy in April 2014, compared to 7.6 percent in the previous month. On a monthly basis, core prices rose 1.9 percent, up from 0.3 percent in March. 

Pakistan Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
5/2/2014 3:31:12 PM