Pakistan Inflation Rate Slows in May

Pakistan annual inflation eased to 8.34 percent in May of 2014 from 9.18 percent in April, driven by lower food prices.

In May, prices decelerated for food and non-alcoholic beverages (6.78 percent yoy from 9.53 percent in April), furnishings, household equipment and maintenance (9.37 percent from 9.48 percent), recreation and culture (6.73 percent from 7.02 percent), restaurants and hotels (13.38 percent from 13.59 percent) and communication (0.85 percent from 0.9 percent).

In contrast, higher cost was recorded for alcoholic beverages and tobacco (16.98 percent yoy from 16.09 percent), clothing and footwear (11.58 percent from 11.24 percent), housing, water, electricity, gas and other fuels (9.69 percent from 9.65 percent), transport (5.13 percent from 4.21 percent), education (16.38 percent from 14.34 percent) and health (7.62 percent from 7.05 percent).

The year-on-year core CPI measured by non-food and non-energy increased by 8.7 percent in May of 2014, versus an 8.5 percent rise in the previous month.

On a month-on-month basis, consumer prices fell 0.26 percent in May, compared with a 1.7 percent increase in the previous month, mostly due to a drop in food prices (-1.33 percent from +2.11 percent). Transport cost fell 0.3 percent.

Pakistan Inflation Rate Slows in May

Pakistan Bureau of Statistics | Isabel Felino |
6/2/2014 2:35:44 PM