Pakistan's Yearly inflation at 10.34 Percent in July

August 1, 2019 (MLN): Pakistan's Yearly Inflation rate in July 2019 was 10.34 percent compared to 8.89 percent in June 2019 and 5.83 percent in July 2018. This month's yearly inflation marks a peak in the last 68 months as the last time CPI growth crossed this mark was back in November 2013 when inflation grew by 10.9%, YoY.

Market Expectation of Inflation for July was between 11.50 % and 10.11% with the average estimate of 10.52%

On a monthly basis, CPI increased by 2.29 percent in July compared to 0.36 percent in June  

Market expectation of Monthly change was between 3.10% and 2.10% with the average estimate at 2.47%.

In addition to this, core inflation  measured  by  non-food  non-energy CPI  (Core  NFNE)  increased  by 7.8%  on  (YoY)  basis  in July 2019 as compared to an increase of 7.2% in the previous month and 7.6% in July 2018.

On (MoM) basis, it increased by 1.7% in as compared to an increase of 0.3% in previous month, and an increase of 1.2% in corresponding month of last year.

On the other hand, core inflation, measured by 20% weighted trimmed mean CPI (Core Trimmed) increased by 8.0% on (YoY) basis in July 2019 as compared to 7.3% in the previous month and by 5.9% in July 2018. .

On (MoM) basis, it increased by 1.7% as compared to an increase of 0.4% in the previous month and an increase of 0.9% in corresponding month of last year i.e. July 2018.

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