CPI-based inflation remains in single digit at 3.8pc

ISLAMABAD: The Consumer Price Index (CPI) on a year-on-year basis during October 2017 witnessed an increase of 3.80 per cent as compared to the same month of previous year.

On a month-on-month basis, the inflation was recorded at 0.75 per cent in October 2017 as compared to September 2017, according to data released by Director Prices of Pakistan Bureau of Statistics (PBS), Attique-ur-Rehman during a press conference here Monday.

He was flanked by PBS Census Consultant Asif Bajwa and other top officials of the bureau.

As per the data, the Wholesale Price Index (WPI) during the month increased by 0.61 per cent while the Sensitive Price Indicator (SPI) witnessed a growth of 0.86 per cent.

It is pertinent to mention that PBS collects the retail and the wholesale prices and computes the CPI and WPI on a monthly basis while the SPI is calculated on weekly basis.

The CPI for food and non-alcoholic beverages increased by 3.80 per cent as compared to the same month of last year.

Similarly, the CPI for non-perishable food items increased to 0.78 per cent, perishable items by 16.39 per cent, clothing and footwear 3.79 per cent, housing, water, electricity, gas and other fuels 4.88 per cent, furnishing and household equipment maintenance 3.06 per cent, health 10.57 per cent while the CPI for transport increased by 3.90 per cent.

In addition, the CPI for communication increased by 1.40 per cent, recreation and culture by 0.32 per cent, education by 11.46 per cent, restaurant and hotel 6.57 per cent while the CPI for miscellaneous goods and service increased by 5.23 per cent.

On year-on-year basis, the top items which witnessed increase in prices in October 2017 compared to October 2016 included onion (178.60 per cent), tomatoes (70.98 per cent), iron bar (20.47 per cent), tea packet (16.45), petrol (13.89), gas cylinder (13.73 per cent), potatoes (12.16 per cent), private school fee (10.73 per cent), unskilled labour wage rate (9.63 per cent), IT tution fee (9,09 per cent) and diesel (8.87 per cent).

The items that witnessed decrease in prices during the month of October 2017 included garlic (39.91 per cent), mash pulse (26.82 per cent), cigarette (24 per cent), gram pulse (21.58 per cent), sugar (21.17 per cent), masoor pulse (18.59 per cent), moong pulse (18.02 per cent), cucumber (17.60 per cent), chicken (16.68 per cent), gram whole (15.21 per cent), besan (14.28 per cent) and bananas (4.57 per cent).

The trimmed core inflation during the month of October 2017 increased 4 per cent compared to October 2016 while the non-food and non-energy core inflation increased 5.3 per cent in October 2017 compared to October 2016.

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