Pakistan Inflation Rate Up to 7.7%

Pakistan annual inflation rate rose to 7.7 percent in September of 2014 from 7 percent in August of 2014, accelerating for the first time in four months. The increase was mainly due to higher food and electricity prices.

The main contributors to rise in the CPI were housing, water, electricity, gas and fuels (8.84 percent), mainly electricity (15.82 percent); non-perishable food items (4.77 percent) and perishable food items (15.95 percent).

Among food items, potatoes rose the most (99.7 percent) followed by cigarettes (22.6 percent). In contrast, tea and onions decreased 17.61 percent and 9.42 percent respectively. Additional upward pressures came from a rise in motor vehicle tax (36.71 percent) and education cost (15.28 percent).

Year-on-year core inflation (excluding food and energy) increased by 8.1 percent in September of 2014 compared to 7.9 percent in August. The month-on-month core rate also increased to 0.6 percent in September from 0.2 percent in August.

On a monthly basis, the inflation rate edged up to 0.4 percent in September of 2014, compared to 0.3 percent in the previous month, driven by a 3.22 percent increase in transport cost.

Pakistan Inflation Rate Up to 7.7%

Pakistan Bureau of Statistics | Ricardo Martins |
10/1/2014 3:39:23 PM