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Pakistan: Inflation Rate, December 2016

IM Research
By IM Research
7 years ago
Pakistan: Inflation Rate, December 2016


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  1. Government of Pakistan Statistics Division Pakistan Bureau of Statistics PRESS RELEASE ON INFLATION RATE FOR THE MONTH OF DECEMBER , 2016 WITH BASE 2007-08=100 1. SUMMARY OF INFLATION RATES CPI Change Inflation Rate December, 2016 over November, 2016 (Previous month) -0.68% Inflation Rate December, 2016 over December, 2015 (Corresponding month) 3.70% Average Inflation Rate July-December (2016-17) over July-December (2015-16) 3.88% 2. Detail Description: Pakistan Bureau of Statistics collects the retail and the wholesale prices and computes the Consumer Price Index (CPI), Wholesale Price Index (WPI) on monthly basis and Sensitive Price Indicator (SPI) on weekly basis. In December, 2016 the CPI decreased by 0.68%, WPI decreased by 0.14% while SPI decreased by 0.78% respectively. Consumer Price Index by Group of Commodities and Services (Base 2007-08) Major Commodity Group General Food & Non-Alcoholic Beverages. Non-perishable food items Perishable food items Alcoholic Beverages & Tobacco Clothing & Footwear Housing Water, Elec, Gas& Other Fuels Furnishing & Household Equipment Maintenance Health Transport Communication Recreation & Culture Education Restaurant & hotel Miscellaneous goods & services Group Weight (%) 100.00 34.83 29.84 4.99 1.41 7.57 29.41 4.21 2.19 7.20 3.22 2.02 3.94 1.23 2.76 % Change in December, 2016 over Indices Dec, 2016 210.57 223.58 224.79 216.30 373.34 233.48 Nov, 2016 212.01 228.74 226.08 244.63 365.33 232.18 Dec, 2015 203.06 218.28 219.67 209.95 334.66 223.65 Nov, 2016 -0.68 -2.26 -0.57 -11.58 2.19 0.56 Dec, 2015 191.70 191.64 182.69 0.03 4.93 223.65 195.93 172.01 131.53 196.50 233.40 268.22 237.77 223.21 195.28 170.65 131.52 196.40 233.40 267.68 238.33 216.78 180.83 177.69 130.56 193.66 209.31 255.77 226.28 0.20 0.33 0.80 0.01 0.05 0.00 0.20 -0.23 3.17 8.35 -3.20 0.74 1.47 11.51 4.87 5.08 3.70 2.43 2.33 3.02 11.56 4.40 Main contributors to month-on-month and year-on-year changes are given below: \\ Month-on-month Top few commodities which varied from previous month i.e. November, 2016 are given below:Increased: Eggs (6.86%), Tea (3.0%), Motor Fuel ( 2.37%), Cigarettes (2.21%), Gram Whole (1.69%), Kerosene oil (1.38%), Tailoring (1.37%), Fish (1.32%), Woolen Cloth (1.27%), Newspaper (1.21%), Firewood Whole (1.18%), Besan (1.1%), Medical equipments(1.1%) and Vegetable Ghee (1.02%). Decreased: Potatoes (19.88%), Fresh Vegetables (19.8%), Sugar (13.44%), Chicken (9.94%), Gur (4.74%), Pulse Mash (4.34%), Tomatoes (2.97%), Onion (2.7%), Pulse Masoor (2.24%) and Pulse Moong ( 2.11%).
  2. Year-on-Year : Top few commodities which varied from previous year i.e. December 2015 are given below:Increased: Gram Whole (43.75%), Pulse Gram (37.52%), Besan (33.08%), Eggs (23.73%), Fresh Vegetables (22.04%), Potatoes (19.41%), Cigarettes (11.6%), Sugar (11.54%), Education (11.51%), Water Supply (9.89%), Medical Equipments (9.72%), Fresh Fruits (9.5%), Doctor (MBBS) Clinic Fee (8.9%), Drugs & Medicines (8.83%), and Tailoring (7.82%). Decreased: Onion (48.05%), Tomatoes (18.28%), Chicken (12.37%), Pulse Moong (10.05%) Motor Fuel (7.15%), Motor Vehicle Accessories (6.19%), Kerosene Oil (5.82%) and Tea (5.44%). .Average Inflation Rate The Consumer Price Index of July-December, 2016-17 has increased by 3.88% over JulyDecember, 2015-16 as per details given below:Groups General Food & Non-Alcoholic Beverages Non-perishable food items Perishable food items Alcoholic Beverages & Tobacco Clothing & Footwear Housing, Water, Elec, Gas Fuels Furnishing & Household Equipment Maintenance. Health Transport Communication Recreation & Culture Education Restaurant & Hotels Miscellaneous Indices Group Weight 2016-17 2015-16 100.00 34.83 29.84 4.99 1.41 7.57 29.41 210.60 226.87 224.10 243.43 366.23 231.20 190.27 202.73 220.25 217.97 233.89 314.43 221.48 181.53 3.88 3.00 2.81 4.08 16.47 4.39 4.81 222.64 192.38 170.54 131.16 196.12 229.79 266.42 237.26 215.11 179.75 177.14 130.39 193.40 209.24 252.45 224.79 3.50 7.02 -3.72 0.59 1.40 9.82 5.53 5.55 4.21 2.19 7.20 3.22 2.02 3.94 1.23 2.76 %Change Top few commodities which varied from previous year average i.e. July-December, 2015-16 are given below:Increased: Gram Whole (45.42%), Pulse Gram (38.96%), Besan (34.70%), Potatoes (25.97%), Pulse Mash (21.44%), Fresh Vegetables (19.37%), Cigarettes (16.53%), Sugar (11.25%), Betel Leaves and Nuts (11.23%),Eggs (10.27%), Education (9.89%), and Water Supply (9.26%). Decreased: Onion (41.88%), Motor Fuel (9.19%), Kerosene Oil (8.11%), Chicken (6.17%), Motor Vehicle Accessories (5.90%), Tomatoes (5.72%) and Pulse Moong (5.12%). Core inflation of CPI i. Trimmed Core Inflation During the month of December, 2016 over December, 2015, the trimmed core inflation has been observed as 3.7% while it was 2.7% during December, 2015 over December, 2014. ii. Non-Food & Non-Energy Core Inflation During the month of December, 2016 over December, 2015, the Non-food & Non-energy core inflation has been observed as 5.2% while it was 4.1% during December, 2015 over December, 2014.