Housing, energy the only category with stubborn inflation

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

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	162,936.94 208.14M	0.44% 710.66
ALLSHR	98,809.14 725.10M	0.55% 543.55
KSE30	49,445.82 114.58M	0.44% 217.28
KMI30	232,715.85 110.61M	0.85% 1949.94
KMIALLSHR	64,387.67 314.59M	0.82% 524.46
BKTi	43,946.89 20.86M	-0.06% -25.89
OGTi	32,250.83 24.60M	1.89% 598.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,700.00	93,225.00 90,445.00	2120.00 2.37%
BRENT CRUDE	64.08	64.26 63.53	0.57 0.90%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.10 0.12%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.79	59.96 59.26	0.54 0.91%
SUGAR #11 WORLD	14.70	14.79 14.66	0.04 0.27%