Housing, energy the only category with stubborn inflation

Abdur Rahman | October 01, 2024 at 03:03 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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

Despite recording a marginal 0.6% decline from last month, housing and energy costs are up 20.9% over the prior year. They accounted for 56.8% of the total yearly price gain in September.

Overall, Pakistan's inflation slowed to the lowest in almost four years during the month, with consumer prices rising by 6.9% from last year. That is within the central bank's target range of 5-7%.

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 have turned negative. Prices declined 0.6% from last year.

Moreover, transport costs fell 7.3% over the prior year amid a significant fall in international oil prices.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,021.80 127.60M	-0.81% -1370.52
ALLSHR	101,556.94 354.31M	-0.67% -689.83
KSE30	49,991.48 75.67M	-0.94% -476.61
KMI30	238,953.80 53.22M	-0.89% -2154.95
KMIALLSHR	65,832.11 176.71M	-0.62% -413.39
BKTi	46,602.60 33.62M	-0.83% -389.71
OGTi	34,306.19 5.41M	-0.53% -182.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,795.00	76,330.00 75,140.00	-370.00 -0.49%
BRENT CRUDE	105.27	108.59 104.00	-3.48 -3.20%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.75 2.16%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.50 -0.36%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	102.07	105.63 100.97	-3.76 -3.55%
SUGAR #11 WORLD	17.85	18.18 17.68	-0.09 -0.50%