Housing, energy inflation continues to remain sticky

By MG News | Category Economic Analysis Research | November 01, 2024 at 01:27 PM GMT+05:00

0:00

November 01, 2024 (MLN): The latest Consumer Price Index (CPI) report revealed housing and energy index continue to remain the only category where inflation is stubbornly sticky.

After a monthly jump of 1.6%, housing and energy costs are up 19.2% over the prior year. They accounted for 51.6% of the total yearly price gain in September.

Overall, Pakistan’s inflation quickened for the first time in four months, with consumer prices rising by 7.2% from last year.

Here are the contributions to CPI, in percentage points, year over year:

Meanwhile, food costs that drove the headline inflation to record levels last year remain in control. Prices rose 0.9% from last year.

Moreover, transport costs fell 6.1% over the prior year as a decline in global prices and a stable exchange rate allowed the government to slash fuel prices.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	121,641.00 407.56M	-0.13% -157.87
ALLSHR	75,951.71 854.04M	-0.10% -76.82
KSE30	36,827.89 67.82M	-0.42% -156.03
KMI30	181,199.42 117.76M	-0.38% -696.40
KMIALLSHR	52,088.08 592.55M	-0.27% -143.41
BKTi	29,808.04 22.21M	-0.83% -249.97
OGTi	27,075.99 4.68M	-0.75% -203.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,060.00	105,945.00 101,390.00	2845.00 2.78%
BRENT CRUDE	66.65	66.67 64.80	1.31 2.00%
RICHARDS BAY COAL MONTHLY	90.00	90.75 90.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.80	102.40 101.00	1.25 1.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.77	64.80 62.82	1.40 2.21%
SUGAR #11 WORLD	16.51	16.59 16.32	-0.06 -0.36%