CPI quickens to 7.2% in Oct

MG News | November 01, 2024 at 12:58 PM GMT+05:00

0:00

November 01, 2024 (MLN): Pakistan’s inflation quickened for the first time in four months as food costs rose.

Consumer prices rose 7.17% over the prior year in October compared to a gain of 6.93% last month and 26.79% in October 2023, the latest data issued by the Pakistan Bureau of Statistics (PBS) on Friday showed.

The annual rise in the consumer price index (CPI) was higher than the market expectations of 6.8%.

Accordingly, this takes the average yearly inflation of 4MFY25 to 8.68% compared to 28.45% in 4MFY24.

On a monthly basis, CPI rose 1.23% in October 2024 as compared to a decrease of 0.52% in the previous month and an increase of 1.00% in October 2023.

The average core inflation, measured by non-food non-energy, rose 9.80% YoY in October 2024 as compared to an increase of 10.40% YoY in the previous month and an increase of 21.80% YoY in October 2023.

On a monthly basis, average core CPI increased 0.60% in October 2024 as compared to an increase of 0.30% in the previous month and an increase of 1.10% in October 2023.

Metric	Oct-24	Sep-24	Oct-23	4MFY25	4MFY24
CPI MoM	1.23%	-0.52%	1.00%	0.80%	2.04%
CPI YoY	7.17%	6.93%	26.79%	8.68%	28.45%
Core CPI MoM	0.64%	0.32%	1.12%	0.57%	1.54%
Core CPI YoY	9.80%	10.40%	21.80%	11.50%	21.50%

With the CPI-based inflation rate at 7.17% and the policy rate at 17.50%, the real interest now stands at 10.33%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,994.17 366.14M	-1.71% -2829.70
ALLSHR	97,525.91 833.18M	-1.65% -1634.99
KSE30	49,090.22 171.05M	-2.02% -1011.73
KMI30	234,097.76 141.71M	-1.92% -4583.61
KMIALLSHR	63,284.58 381.76M	-1.79% -1151.00
BKTi	45,458.10 90.77M	-1.53% -707.82
OGTi	33,162.89 14.24M	-2.82% -962.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,220.00	79,420.00 76,515.00	1480.00 1.93%
BRENT CRUDE	109.20	112.45 106.23	-1.20 -1.09%
RICHARDS BAY COAL MONTHLY	113.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	109.25	0.00 0.00	-0.20 -0.18%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	102.50	106.65 99.30	-2.57 -2.45%
SUGAR #11 WORLD	14.97	15.01 14.42	0.36 2.46%