We are presenting the detail of Consumer Price Index (CPI) statistics as released by Pakistan Bureau of Statistics (PBS) and expectation of upcoming monetary policy.
CPI lowers on depressed oil prices
Country inflation data for December’14 showed that the Consumer Price Index (CPI) came down to 4.3% YoY. The CPI inflation was 3.96% in November’14 and 9.2% in December’13. This is mainly due to lower fuel prices and reduction in food prices which have a major chunk in CPI. Transport cost which has weightage of 7.20% declined by 6.02% remain major contributor driven by lower oil prices. Food, Non-alcoholic and Beverages has the highest weight age of 34.83% in CPI marginally swell by 2.53% YoY in the month of December’14.
MoM inflation too drop
Primarily on back of decline in food and transport prices, the month on month inflation fall by a 1% in December’14 versus a decrease of 0.5% in November’14 and 1.3% in December’13. In addition to lower food and transport prices, the flat Housing, Water, Electricity, Gas & Fuels too supported the inflation to stay lower during the month.
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