General inflation has increased by 7.2 percent on year-on-year (YoY) basis in January 2019 as compared to an increase of 6.2 percent in December 2018 and 4.4 percent in January 2018. According to Pakistan Bureau of Statistic (PBS) Consumer Price Index (CPI) data released here on Friday, the CPI on month-on-month (MoM) basis increased by 1.0 percent in January 2019 as compared to a reduction of 0.4 percent in December 2018 and zero percent in January 2018.
According to PBS, the inflation has witnessed an increase due to significant increase in gas price which went up by 85.31%, motor fuel by 18.05%, kerosene oil by 16.14%, transport services by 15.22%, motor vehicles by 13.72% and water supply by 12.94%.
Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 8.7% on YoY basis in January 2019 as compared to an increase of 8.4% in the previous month and 5.2% in January 2018. On MoM basis, it increased by 1.1% in January 2019 as compared to an increase of 0.3% in previous month, and an increase of 0.8% in corresponding month of last year i.e. January 2018.
Core inflation, measured by 20% weighted trimmed mean CPI (Core Trimmed) increased by 7.7% on YoY basis in January 2019 as compared to 6.9% in the previous month and by 4.6% in January 2018. On MoM basis, it increased by 1.0% in January 2019 as compared to an increase of 0.3% in the previous month and an increase of 0.6% in January 2018.
Sensitive Price Index (SPI) inflation on YoY basis increased by 3.7% in January 2019 as compared to an increase of 2.0% a month earlier and an increase of 2.0% in January 2018. On MoM basis, it increased by 0.6% as compared to no change in the previous month and a decrease of 1.0% in corresponding month of last year i.e. January 2018.
Wholesales Price Index (WPI) inflation on YoY basis increased by 9.9% in January 2019 as compared to an increase of 12.1% a month earlier and an increase of 4.7% in January 2018. WPI inflation on MoM basis decreased by 0.2% in January 2019 as compared to a decrease of 0.9% a month earlier and an increase of 1.8% in corresponding month of the last year i.e. January 2018.
During the month under review, prices of the following food items witnessed an increase on YoY basis: spices 15.31%, cigarettes 14.05%, meat 13.6%, tea 12.60%, sugar 10.02%, pulse Moong 8.32%, milk powder 7.74%, beans 6.98%, cooking oil 6.81%, pulse gram 6.15%, fish 5.93% and rice 5.85%.
During the month under review prices of the following food items witnessed a reduction: onions 51.42%, potatoes 27.44%, chicken 18.85%, fresh vegetables 13.84%, tomatoes 11.19%, gram whole 8.44%, pulse Mash 3.57% and fresh fruits 3.03%.
During the month under review, prices of the following non-food items witnessed an increase: gas 85.31%, motor fuel 18.05%, kerosene oil 16.14%, transport services 15.22%, motor vehicles 13.72%, water supply 12.94%, cosmetics 12.79%, construction input items 12.55%, personal equipment 11.37%, furniture 10.76%, education 10.04%, motor vehicle accessories 9.91%, washing soap & detergents 9.65%, construction wage rates 9.28%, electricity 8.48% and house rent 8.20%.
On monthly basis, prices of following food items witnessed an Increase: tomatoes 27.56%, sugar 6.15%, fresh fruits 3.50%, pulse Moong 2.73%, gur 2.26%, pulse gram 2.22%, besan 2.11%, dry fruits 1.94%, fish 1.72%, fresh vegetables 1.62%, pulse Mash 1.34%, cooking oil 1.27%, meat 1.20%, cigarette 1.18%, milk powder 1.02%, and tea 0.80%.
On monthly basis, prices of following food items witnessed a reduction: chicken 18.06%, potatoes 15.01%, onions 5.50% and eggs 1.27%. On monthly basis, prices of following non-food items witnessed an increase: electricity 8.48%, house rent 2.38%, stationery 1.67%, personal equipments 1.36%, woollen readymade garments 1.19%, household servant 0.86%, drugs & medicines 0.69%, and cosmetics 0.52%. On monthly basis, prices of following non-food items witnessed a reduction: motor fuel 3.06%, education 0.30% and household equipment 0.13%.
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