Pakistan’s consumer inflation was reportedly low as compared to the last month. It was reported at 8.35 percent in November from 8.9 percent in October on the back of a slight decline in the price of perishable products.
On a month-on-month (MoM) basis, Pakistan’s Consumer Price Index (CPI)-based inflation in November 2020 increased by 0.82 percent over October 2020 and increased by 8.35 percent over November 2019.
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According to the data released by the Pakistan Bureau of Statistics (PBS), on an MoM basis, the top commodities that had contributed to the inflation include chicken (21.36 percent), tomatoes (15.68 percent), potatoes (8.79 percent), onions (5.81 percent), vegetables (5.63 percent), dry fruits (4.38 percent), eggs (2.83 percent), butter (2.61 percent), condiments and spices (2.6 percent), and fish (1.89 percent). However, the prices of some items declined, including wheat flour (4.83 percent), wheat (4.1 percent), pulse moong (3.54 percent), and pulse gram (1.94 percent).
On the year-on-year (YoY) basis, the commodities the contributed to the inflation include potatoes (56.11 percent), eggs (48.67 percent), chicken (46.82 percent), condiments and spices (37.6 percent), wheat (36.6 percent), sugar (35.78 percent), beans (31.81 percent), pulse moong (26.12 percent), pulse maash (22.61 percent), butter (19.72 percent), gur (16.13 percent), pulse masoor (15.76 percent), and mustard oil (15.12 percent).
However, the prices of some items declined, which include tomatoes (22.58 percent), fish (8.34 percent), onions (6.6 percent), and fruits (3.59 percent).
The CPI inflation general increased by 8.3 percent on a YoY basis in November 2020 as compared to an increase of 8.9 percent in the previous month and 12.7 percent in November 2019. On an MoM basis, it increased by 0.8 percent in November 2020 as compared to an increase of 1.7 percent in the previous month and an increase of 1.3 percent in November 2019.
The CPI inflation urban increased by 7 percent on a YoY basis in November 2020 as compared to an increase of 7.3 percent in the previous month and 12.1 percent in November 2019. On an MoM basis, it increased by 0.6 percent in November 2020 as compared to an increase of 1.3 percent in the previous month and an increase of 1 percent in November 2019.
The CPI inflation rural increased by 10.5 percent on a YoY basis in November 2020 as compared to an increase of 11.3 percent in the previous month and 13.6 percent in November 2019. On an MoM basis, it increased by 1.1 percent in November 2020 as compared to an increase of 2.4 percent in the previous month and an increase of 1.9 percent in November 2019.
The SPI inflation on YoY increased by 9.9 percent in November 2020 as compared to an increase of 12.3 percent a month earlier and an increase of 20.2 percent in November 2019. On an MoM basis, it increased by 1.1 percent in November 2020 as compared to an increase of 3 percent a month earlier and an increase of 3.7 percent in November 2019.
The Wholesale Price Index (WPI) inflation on YoY basis increased by 5 percent in November 2020 as compared to an increase of 5.1 percent a month earlier and an increase of 11.2 percent in November 2019. The WPI inflation on an MoM basis decreased by 0.9 percent in November 2020 as compared to an increase of 2.9 percent a month earlier and a decrease of 0.8 percent in November last year.
Measured by non-food non-energy, the urban CPI increased by 5.6 percent on a YoY basis in November 2020 as compared to an increase of 5.6 percent in the previous month and 7.5 percent in November 2019. On an MoM basis, it increased by 0.3 percent in November 2020 as compared to an increase of 0.6 percent in the previous month, and an increase of 0.3 percent in the corresponding month last year.
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Measured by non-food non-energy, the rural CPI increased by 7.4 percent on a YoY basis in November 2020 as compared to an increase of 7.6 percent in the previous month and 8.4 percent in November 2019. On an MoM basis, it increased by 0.3 percent in November 2020 as compared to an increase of 0.6 percent in the previous month and an increase of 0.5 percent in November last year.
Measured by 20 percent weighted trimmed mean, the urban CPI increased by 6.3 percent on a YoY basis in November 2020 as compared to 6.5 percent in the previous month and by 9.5 percent in November 2019. On an MoM basis, it increased by 0.2 percent in November 2020 as compared to an increase of 0.6 percent in the previous month and an increase of 0.4 percent in the corresponding month last year.
Measured by 20 percent weighted trimmed mean, the rural CPI increased by 9.1 percent on a YoY basis in November 2020 as compared to 9.5 percent in the previous month and by 10.7 percent in November 2019. On an MoM basis, it increased by 0.4 percent in November 2020 as compared to an increase of 1.1 percent in the previous month and an increase of 0.7 percent in November 2019.
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