CPI eases to 4.1% in December

By MG News | January 01, 2025 at 03:27 PM GMT+05:00
January 01, 2025 (MLN): Pakistan's inflation slowed to 4.1% in December compared to 4.9% in the last month and 29.7% YoY in December 2023, the latest data issued by the Pakistan Bureau of Statistics (PBS) showed.
Accordingly, this takes the average yearly inflation of 6MFY25 to 7.3% compared to 28.8% in 6MFY24.
On a monthly basis, CPI rose 0.1% in December 2024 as compared to the 0.5% rise of the previous month and an increase of 0.8% in December 2023.
The annual rise in the consumer price index (CPI) was slightly lower than the market expectations of 4.3%.
In December 2024, urban CPI inflation decreased to 4.4% on a year-on-year basis, compared to 5.2% in November 2024 and a significant 30.9% in December 2023. On a month-on-month basis, it recorded a marginal decline of 0.1%, following a 0.5% decrease in the previous month and a 0.7% increase in the same month last year.
Rural CPI inflation followed a similar downward trend year-on-year, falling to 3.6% in December 2024 from 4.3% in November 2024 and 27.9% in December 2023. However, on a month-on-month basis, rural inflation increased by 0.3% in December 2024, compared to a 0.5% rise in November 2024 and a 1.0% increase in December 2023.
SPI inflation dropped year-on-year to 4.2% in December 2024, down from 7.3% in November 2024 and a stark 35.3% in December 2023. On a month-on-month basis, SPI inflation rose by 0.8% in December 2024, following a 1.0% increase in the prior month and a significant 3.8% rise in December 2023.
WPI inflation also saw a decline on a year-on-year basis, registering 1.9% in December 2024, compared to 2.3% in November 2024 and a much higher 27.3% in December 2023.
Month-on-month, WPI inflation decreased by 0.4% in December 2024, after a 0.1% decline in the previous month, with no change observed in December 2023.
Core inflation, measured by non-food, non-energy items in urban areas, declined year-on-year to 8.1% in December 2024 from 8.9% in November 2024 and 18.2% in December 2023.
On a month-on-month basis, it rose slightly by 0.2% in December 2024, compared to a 1.2% increase in November 2024 and a 0.8% rise in December 2023.
In rural areas, core inflation dropped year-on-year to 10.7% in December 2024, down from 10.9% in November 2024 and 25.1% in December 2023.
Month-on-month, rural core inflation increased by 0.6% in December 2024, following a 0.7% rise in the prior month and a 0.9% increase in December 2023.
.Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 131,949.07 198.95M |
0.97% 1262.41 |
ALLSHR | 82,069.26 730.83M |
0.94% 764.01 |
KSE30 | 40,387.76 80.88M |
1.11% 442.31 |
KMI30 | 191,376.82 77.76M |
0.36% 678.77 |
KMIALLSHR | 55,193.97 350.11M |
0.22% 119.82 |
BKTi | 35,828.25 28.42M |
3.64% 1259.85 |
OGTi | 28,446.34 6.84M |
-1.02% -293.01 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,125.00 | 110,525.00 107,865.00 |
-2290.00 -2.07% |
BRENT CRUDE | 68.51 | 68.89 67.75 |
-0.29 -0.42% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.75 0.78% |
ROTTERDAM COAL MONTHLY | 106.00 | 106.00 105.85 |
-2.20 -2.03% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.50 | 67.18 66.04 |
-0.50 -0.75% |
SUGAR #11 WORLD | 16.37 | 16.40 15.44 |
0.79 5.07% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|