Pakistan Inflation Rate Down to 17-Month Low

Pakistan annual inflation rate slowed to 5.8 percent in October of 2014 compared to 7.7 percent in September. Downward pressures came mostly from lower food, oil and gas prices.

In October, prices decelerated for food and non-alcoholic beverages (4.41 percent yoy from 6.47 percent in the previous month); housing, water, electricity, gas and fuels (5.62 percent from 8.84 percent); transport (3.95 percent from 5.43 percent). In contrast, prices accelerated for furnishing and household equipment maintenance (7.84 percent from 8.49 percent) and restaurants and hotels (8.5 percent from 9.17 percent).

Year-on-year core inflation (excluding food and energy) decreased to 7.8 percent in October of 2014 compared to 8.1 percent in September. The month-on-month rate was recorded at 0.7 percent in October, the same rate as in September.

On a monthly basis, the inflation rate eased to 0.2 percent, compared to 0.4 percent in the previous month, mainly driven by a 1.60 percent decline in perishable food prices.

Pakistan Bureau of Statistics | Carolina Cunha |
11/19/2014 3:39:02 PM