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	177,873.88 195.45M	0.28% 500.11
ALLSHR	106,712.07 1,040.19M	0.56% 589.19
KSE30	51,887.21 103.81M	0.29% 152.18
KMI30	255,042.46 89.67M	0.46% 1169.47
KMIALLSHR	69,162.85 342.71M	0.85% 584.42
BKTi	48,733.27 19.48M	-0.22% -108.13
OGTi	36,043.06 20.06M	2.70% 947.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,820.00	68,420.00 61,970.00	-4095.00 -5.94%
BRENT CRUDE	96.29	97.13 95.06	0.47 0.49%
RICHARDS BAY COAL MONTHLY	127.15	0.00 0.00	-1.45 -1.13%
ROTTERDAM COAL MONTHLY	138.00	138.00 137.90	0.60 0.44%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	88.92	0.00 0.00	0.36 0.41%
SUGAR #11 WORLD	18.40	18.54 18.16	0.18 0.99%