Pakistan Inflation Rate at 11–Year Low


Pakistan inflation rate eased for the second straight month to 3.96 percent in November of 2014 from 5.82 percent in the previous month. It is the lowest rate since October of 2003 due to a fall in prices of transport and fresh food.

Year-on-year, downward pressure came from cost of fresh food (-10.6 percent) and transport (-3.19 percent). In contrast, the highest price increase was reported for housing, water, electricity, gas and fuels (5.89 percent). Cost of food and non-alcoholic beverages rose 1.08 percent.

On a monthly basis, consumer prices fell 0.51 percent, compared to a 0.2 percent increase in the previous month, driven by a 6.87 percent decline in transport cost and a 0.49 percent drop in food prices.

Core inflation (excluding food and energy) increased 6.9 percent in November of 2014 compared to 7.8 percent in October of 2014. The month-on-month rate was recorded at -0.5 percent in November compared to +0.7 percent in the previous period.

A year ago, inflation rate was recorded at 10.90 percent.

Pakistan Bureau of Statistics | Carolina Cunha | carolina.cunha@tradingeconomics.com
12/1/2014 12:11:28 PM