Inflation surges 1.9pc in October

The Consumer Price Index (CPI) based inflation increased by 9.2 percent on a year-on-year basis in October 2021 as compared to an increase of 9.0 percent in the previous month and 8.9 percent in October 2020.

According to the data released by the Pakistan Bureau of Statistics (PBS) on Monday, on a month-on-month basis, the headline inflation increased by 1.9 percent in October 2021 as compared to an increase of 2.1 percent in the previous month and an increase of 1.7 percent in October 2020.

The data showed that CPI inflation urban increased by 9.6 percent on a year-on-year basis in October 2021 as compared to an increase of 9.1 percent in the previous month and 7.3 percent in October 2020. On a month-on-month basis, it increased by 1.7 percent in October 2021 as compared to an increase of 2.0 percent in the previous month and an increase of 1.3 percent in October 2020.

The food commodities whose prices increased MoM included: chicken (17.91%), vegetables (15.26%), potatoes (12.17%), wheat (7.25%), tea (4.93%), mustard oil (4.68%), vegetable ghee (2.72%), gur (2.68%), fish (2.22%), cooking oil (1.77%), meat (1.72%), beans (1.50%) and fruits (1.10%).

The food commodities whose prices decreased MoM included: onions (12.70%), sugar (7.72%), pulse Moong (6.14%), eggs (5.94%), condiments and spices (3.85%), pulse gram (2.30%), pulse Mash (2.12%) and wheat flour (1.44%). The non-food commodities whose prices increased MoM included; liquefied hydrocarbons (13.2%), motor fuel (8.65%), stationery (5.78%), electricity charges (5.48%), motor vehicle accessories (2.76%) and readymade garments (2.44%). The food commodities whose prices increased YoY included: vegetable ghee (43.03%), mustard oil (41.92%), cooking oil (40.02%), chicken (34.69%), pulse Masoor (17.62%), meat (17.11%), fruits (15.84%), wheat flour (12.97%), gram whole (12.44%), beans (12.26%) and milk (9.45%). The food commodities whose prices decreased YoY included: tomatoes (48.52%), pulse Moong (29.12%), onions (28.35%) and potatoes (19.26%).

The non-food commodities whose prices increased YoY included: liquefied hydrocarbons (71.03%), electricity charges (combine) (32.14%), motor fuel (27.6%), footwear (16.12%), washing soap/detergents (12.45%), motor vehicle accessories (11.98%), woolen readymade garments (11.86%) and plastic products (10.30%).

On the other hand, the CPI inflation rural increased by 8.7 percent on a year-on-year basis in October 2021 as compared to an increase of 8.8 percent in the previous month and 11.3 percent in October 2020. On a month-on-month basis, it increased by 2.2 percent in October 2021 as compared to an increase of 2.3 percent in the previous month and an increase of 2.4 percent in October 2020.

The food commodities whose prices increased MoM included: vegetables (25.09%), chicken (13.72%), potatoes (9.08%), mustard oil (8.11%), wheat (5.16%), honey (4.93%), tea (3.50%), fish (3.14%), cooking oil (2.60%), pulse Mash (2.26%), vegetable ghee (2.20%), milk (1.8%) and gram whole (1.25%).

The food commodities whose prices decreased MoM included: onions (14.76%), tomatoes (10.24%), condiments and spices (3.70%), sugar (2.59%), pulse Moong (1.91%), pulse Masoor (1.34%), fruits (1.30%) and eggs (1.07%).

The non-food commodities whose prices increased MoM included: liquefied hydrocarbons (11.79%), motor fuels (8.99%), electricity charges (combine) (5.48%), cleaning & laundering (4.34%), hosiery (2.2%), construction input items (2.16%), motor vehicles accessories (1.87%), furniture & furnishing (1.26%), readymade garments (1.24%) and washing soaps/detergents (1.22%).

The food commodities whose prices increased YoY included: cooking oil (46.56%), mustard oil (44.86%), vegetable ghee (43.37%), chicken (37.93%), gram whole (18.23%), meat (16.33%), pulse Masoor (16.30%), wheat flour (13.06%), honey (12.12%), butter (11.49%) and milk (8.59%), while prices decreased of tomatoes (54.61%), onions (28.79%), pulse Moong (27.04%), potatoes (18.15%) and condiments and spices (14.09%).

The non-food commodities whose prices increased YoY included: liquefied hydrocarbons (54.75%), electricity charges (combine) (32.14%), motor fuels (26.3%), hosiery (13.56%), construction input items (11.18%), washing soaps/detergents (11.02%), woolen cloth (10.64%), woolen readymade garments (10.01%), tailoring (9.58%), household equipment (9.44%) and motor vehicles accessories (8.14%).