Pakistan's Yearly inflation at 8.53 Percent in April

May 01, 2020 (MLN): Pakistan's Yearly Inflation Rate (New Base 2015-16) in April 2020 was 8.53 percent compared to 10.20 percent in March 2020 and 8.30 percent in April 2019.

The July - April average inflation is 11.24 percent compared to 6.52 percent from the corresponding period last year.

Market Expectation of Inflation for April was between 8.90 % and 8.40% with the average estimate of 8.65%.

On a monthly basis, CPI decreased by 0.84 percent in April compared to an increase of 0.04 percent in March.

Market expectation of Monthly change was between -0.49% and -1.60% with the average estimate at -0.93%.

CPI inflation Urban, increased by 7.7% on year-on-year basis in April 2020 as compared to an increase of 9.3% in the previous month and 8.4% in April 2019. On month-on-month basis, it decreased by 0.7% in April 2020 as compared to an increase of 0.1% in the previous month and an increase of 0.8% in April 2019.

CPI inflation Rural, increased by 9.8% on year-on-year basis in April 2020 as compared to an increase of 11.7% in the previous month and 8.1% in April 2019. On month-on-month basis, it decreased by 1.1% in April 2020 as compared to a decrease of 0.1% in the previous month and an increase of 0.6% in April 2019.    

SPI inflation on YoY increased by 9.0% in April 2020 as compared to an increase of 11.8% a month earlier and an increase of 10.0% in April 2019. On MoM basis, it decreased by 2.0% in April 2020 as compared to a decrease of 0.3% a month earlier and an increase of 0.5% in April 2019.

WPI inflation on YoY basis increased by 5.1% in April 2020 as compared to an increase of 9.2% a month earlier and an increase of 17.1% in April 2019. WPI inflation on MoM basis decreased by 2.1% in April 2020 as compared to a decrease of 0.9% a month earlier and an increase of 1.8% in corresponding month of last year i.e. April 2019.

Core inflation measured by non-food non-energy Urban CPI (Core NFNE) increased by 6.4% on (YoY) basis in April 2020 as compared to an increase of 7.4% in the previous month and 7.0% in April 2019. On (MoM) basis, it increased by 0.2% in April 2020 as compared to increase of 0.3% in previous month, and an increase of 1.1% in corresponding month of last year i.e. April 2019.

Core inflation measured by non-food non-energy Rural CPI (Core NFNE) increased by 8.5% on (YoY) basis in April 2020 as compared to an increase of 9.4% in the previous month and 6.8% in April 2019. On (MoM) basis, it increased by 0.3% in April 2020 as compared to an increase of 0.6% in previous month, and an increase of 1.2% in corresponding month of last year i.e. April 2019.

Core inflation, measured by 20% weighted trimmed mean Urban CPI (Core Trimmed) increased by 6.7% on (YoY) basis in April 2020 as compared to 8.7% in the previous month and by 7.4% in April 2019. On (MoM) basis, it decreased by 0.2% in April 2020 as compared to an increase of 0.3% in the previous month and an increase of 1.1% in corresponding month of last year i.e. April 2019.

Core inflation, measured by 20% weighted trimmed mean Rural CPI (Core Trimmed) increased by 9.3% on (YoY) basis in April 2020 as compared to 11.4% in the previous month and by 7.3% in April 2019. On (MoM) basis, it decreased by 0.6% in April 2020 as compared to an increase of 0.1% in the previous month and an increase of 0.8% in corresponding month of last year i.e. April 2019.

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