In our today’s morning report we are presenting the detail of Consumer Price Index (CPI) statistics as released by Pakistan Bureau of Statistics (PBS).
Inflation down to another record low
Country inflation data for March’15 showed that the Consumer Price Index (CPI) came down to 2.5% YoY against CPI inflation was 3.2% in March’15 and 8.5% in March’14. This is primarily due to reduction in petroleum prices, lower transport fares, and stable food prices which eases inflation to a record 11-year low. The transport fares down chiefly due to intense fall in the global crude oil prices since last few months coming down to below $50 per barrel to more than five years low. Food & Non-alcoholic beverages which have a major chunk of 34.83% in the inflation pie reduce by 0.5% in March’15. However, MoM inflation marginally surge by 0.2% in March’2015 compared to fall of 0.9% mainly due to slightly higher food prices and clothing & footwear. However lower transport prices provided support.
9MFY15 too remain low
Owing to considerable decline in petroleum product prices, better supplies and higher base effect, the cumulative CPI also remained low growing by 5.12% in 9MFY15 which is much low when compared to a cumulative CPI inflation of 8.64% in 9MFY14. The Sensitive Price Index (SPI) and Wholesale Price Index (WPI) hike by 2.25% YoY and 0.36% YoY respectively in 9MFY15. The Core inflation measured by non-food non-energy grew by 5.9% in March’15 versus 6.2% in February’15 and 7.6% in March’14.