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CPI inflation falls to 4.53 percent in fiscal year 2015

Pakistan annual inflation rate fell to 4.53 per cent during July-June 2015, according to Pakistan Bureau of Statistics (PBS). The government had projected 8 per cent inflation for the 2014-15. According to Consumer Price Index (CPI) data released by the Pakistan Bureau of Statistics (PBS), inflation for the month of June 2015 was also recorded at 3.16 per cent over the same month of last fiscal year.

An increase of 0.62 per cent was recorded in inflation in June 2015 with analysts saying it may not have relatively less as compared to the rate of increase in the prices of essential commodities and fruit items. Double increase in the prices of vegetable, chicken and pulses was recorded by the PBS. The prices of potatoes increased by 31.72 per cent in June over previous month followed by tomatoes 22.58 per cent, chicken by 14.91 per cent, Besan by 8.32 per cent, pulse gram by 7.07 per cent, sugar 4.80 per cent, eggs by 4.28 per cent, pulse mash by 3.49 per cent and gram whole by 2.43 per cent.

The prices of food & non-alcoholic beverages increased by 2.41 per cent in June 2015 when compared with the same month a year ago, non-perishable food items by 2.45 per cent, perishable food items by 2.17 per cent, alcoholic beverages & tobacco by 17.54 per cent and clothing & footwear by 5.60 per cent. The cost of housing, water, electricity, gas & other fuels soared by 4.85 per cent, furnishing & household equipment maintenance by 3.67 per cent, health by 3.33 per cent, communication by 0.32 per cent, recreation & culture by 2.25 per cent, education by 9.57 per cent, restaurant & hotel by 4.39 per cent and miscellaneous goods & services by 3.84 per cent. However, the cost of transport declined negative by 8.54 per cent. The prices of fresh vegetables decreased by 11.11 per cent in June 2015 over June 2014, fresh fruits 3.11 per cent, wheat flour 1.60 per cent, rice by 1.26 per cent, and wheat 1.07 per cent.

Copyright Business Recorder, 2015