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Pakistan’s Yearly inflation at 10.50 Percent in August

September 02, 2019 (MLN): Pakistan's Yearly Inflation rate in August 2019 was 10.50 percent according to the new base for CPI Calculation (2015-16).

However, according to the old base (2008) the yearly inflation rate in August was 11.63 percent compared to 10.34 percent in July 2019 and 5.84 percent in August 2018.

The July-August average inflation is 10.98 percent compared to 5.84 percent from the corresponding period last year.

Market Expectation of Inflation for August was between 11.92 % and 11.28% with the average estimate of 11.55%.

On a monthly basis, CPI increased by 1.38 percent in August compared to 2.29 percent in July.

Market expectation of Monthly change was between 1.64% and 1.06% with the average estimate at 1.32%.

Due to recent change of base years for CPI, Housing and Utilities index observed a substantial movement in their inflation figures for the month of August, from 29.41% to 23.63%, which translates into a decline of 578 bps.

On the contrary, Clothing and Footwear index witnessed an upward change of 103 bps, from 7.57% to 8.6%

Transport and Communication groups had their inflation figures changed from 7.2% and 3.22%, to 5.91% and 2.21% respectively.

 

Copyright Mettis Link News

Posted on: 2019-09-04T11:36:00+05:00

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