Pakistan Inflation Rate Eases Slightly in June


Pakistan consumer prices dropped to 8.22 percent year-on-year in June of 2014 from 8.34 percent in May as cost of food and energy eased.

Year-on-year prices decelerated for food and non-alcoholic beverages (6.13 percent in June of 2014 from 6.78 percent in May), clothing and footwear (10.99 percent from 11.58 percent), housing, water, electricity, gas and other fuels (9.62 percent from 9.69 percent), health (7.37 percent from 7.62 percent), transport (4.28 percent from 5.13 percent), recreation and culture (6.13 percent from 6.73 percent), restaurants and hotels (13.35 percent from 13.38 percent).

In contrast, cost increased for alcoholic beverages and tobacco (33.20 percent from 16.98 percent), furnishing and household equipment maintenance (9.83 percent from 9.37 percent), communication (0.89 percent from 0.85 percent), and education (16.73 percent from 16.38 percent). 

Core inflation increased 8.7 percent year-on-year in June 2014, the same rate recorded in the previous month.

On a monthly basis, consumer prices accelerated 0.61 percent, following a 0.26 percent drop in the previous month. Cost increased for food and non-alcoholic beverages (0.44 percent after a 1.33 percent decline in May), alcoholic beverages and tobacco (15.93 percent from 0.79 percent), furnishings, household equipment and routine household maintenance (1.02 percent from 0.51 percent). 

The biggest food price increases were reported for: tomatoes (60.22 percent month-over-month), cigarettes (16.18 percent), pulse mash (3.61 percent), sugar (3.44 percent), potatoes (3.26 percent), spices (2.79 percent), beverages (2.55 percent), milk powder (2.36 percent), gur (2.03 percent), pulse moong (1.98 percent), eggs (1.64 percent), milk products (1.58 percent), condiments (1.56 percent), and fresh milk (1.43 percent). 

Pakistan Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
7/1/2014 12:44:57 PM