Inflation goes up by 7pc on spike in gas prices

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ISLAMABAD: The headline inflation based in Consumer Price Index (CPI) jacked up by 7 percent due to recent spike in prices of gas.

 

 

 

According to data released by Pakistan Bureau of Statistics (PBS) on Friday CPI inflation increased by 7.0 percent on year-on-year basis in October 2018 as compared to an increase of 5.1 percent in the previous month and 3.8 percent in October 2017.

On month-on-month basis, it increased by 2.6 percent in October 2018 as compared to a decrease of 0.1 percent in the previous month and increase of 0.7 percent in October 2017.

Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 8.2 percent on (YoY) basis in October 2018 as compared to an increase of 8.0 percent in the previous month and 5.3 percent in October 2017. On (MoM) basis, it increased by 1.1 percent in October 2018 as compared to an increase of 0.4 percent in previous month, and an increase of 0.9 percent in corresponding month of last year i.e. October 2017.

Core inflation, measured by 20 percent weighted trimmed mean CPI (Core Trimmed) increased by 6.7 percent on (YoY) basis in October 2018 as compared to 5.8 percent in the previous month and by 4.0 percent in October 2017. On (MoM) basis, it increased by 0.8 percent in October 2018 as compared to an increase of 0.1 percent in the previous month and an increase of 0.6 percent in corresponding month of last year i.e. October 2017.

Sensitive Price Indicator (SPI) based inflation on YoY basis increased by 1.4 percent in October 2018 as compared to an increase of 1.1 percent a month earlier and an increase of 2.1 percent in October 2017. On MoM basis, it increased by 1.2 percent in October 2018 as compared to a decrease of 0.1 percent a month earlier and an increase of 0.9 percent in October 2017.

Wholesale Price Index (WPI) based inflation on YoY basis increased by 13.1 percent in October 2018 as compared to an increase of 9.2 percent a month earlier and an increase of 2.3 percent in October 2017.

WPI inflation on MoM basis increased by 4.2 percent in October 2018 as compared to a decrease of 1.5 percent a month earlier and an increase of 0.6 percent in corresponding month of last year i.e. October 2017.

Month-on-month Top few commodities which varied from previous month are given below: –

Food Increased: Chicken (35.25 percent), Eggs (14.41 percent), Cigarettes (9.67 percent), Tomatoes (3.85 percent), Fresh Vegetables (3.7 percent), Spices (1.89 percent), Betel leaves & nuts (1.77 percent) and Wheat (1.56 percent).

Decreased: Onion (4.43 percent), Fish (1.38 percent), Pulse Mash (1.18 percent) and Gram Whole (0.20 percent).

Non-food Items Increased: Gas (104.91 percent), Newspapers (15.90 percent), Communication & Apparatus (7.54 percent), Doctor MBBS Clinic Fee (3.39 percent), Drugs & Medicines (3.32 percent), Motor Fuel (3.23 percent), Water Supply (2.70 percent), Personal Equipment (2.62 percent), Medical Tests (2.37 percent), Transport Services (2.04 percent), Motor Vehicle Accessories (1.88 percent) and Construction Input Items (1.83 percent).

Non-food Decreased: Kerosene Oil (0.22 percent).

2. Year-on-Year: Top few commodities which varied from previous year i.e. September 2017 are given below:-
Food Increased: Betel leaves & nuts (141.44 percent), Chicken (28.31 percent), Spices (12.61 percent), Meat (11.7 percent), Cigarettes (10.89 percent), Dry Fruits (10.29 percent), Rice (9.73 percent), Tea (8.82 percent), Sweat Meat (7.74 percent), Honey (6.67 percent), Eggs (6.07 percent), Jam Tomato ketchup & Pickles (6.04 percent), Milk Powder (5.47 percent), Condiments (5.37 percent) and Readymade Food (4.77 percent).

Decreased: Onion (55.97 percent), Tomatoes (28.75 percent), Potatoes (21.25 percent), Pulse Mash (19.66 percent), Gram Whole (10.75 percent), Pulse Masoor (7.95 percent), Pulse Moong (5.79 percent), Besan (4.86 percent) and Pulse Gram (3.28 percent).

Non-food Increased: Gas (104.91 percent), Kerosene Oil (31.81 percent), Newspapers (27.82 percent), Motor Fuel (26.41 percent), Transport Services (17.74 percent), Water Supply (13.62 percent), Motor Vehicles (12.94 percent), Doctor (MBBS) Clinic Fee (12.8 percent), Personal Equipments (12.38 percent), Education (11.54 percent), Construction Input Items (11.07 percent), Medical Tests (10.72 percent), Utensils (10.58 percent), Cosmetics (10.48 percent) and Construction Wage Rates (10.01 percent).

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  • Pakistan Bureau of Statistics rather bureaucrates tries to blame PTI govt as responsible for such inflation focusing on Oct 18 figures. Showing huge inflation in current 2 month and meagre inflation in previous period.

    I agree Finance Ministry of PTI govt is very weak and does not know how to handle mafia and their acts. PTI govt when ask to increase gas rates by 180% just after a week come in power. They should ask was that 180% increased in a week’s time or is the outcome of mismanagement or political fraud of previous govt. They should have analysed the causes of such sudden 180% crisis and who are behind this drama to defame new govt. Then should have expose on print and electronic media and punish public those who are responsible for this fraud with public. Same for petrol and electricity etc.