Pakistan's Yearly inflation at 8.91 Percent in October

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By MG News | November 02, 2020 at 08:10 PM GMT+05:00

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November 02, 2020 (MLN): Pakistan's Yearly Inflation Rate (New Base 2015-16) in October 2020 was 8.91 percent compared to 9.04 percent in September 2020 and 11 percent in October 2019.

The July-October average inflation is 8.87 percent compared to 10.33 percent from the corresponding period last year.

Market Expectation of Inflation for September was between 9.40 % and 8.80% with the average estimate of 9.08%.

On a monthly basis, CPI increased by 1.70 percent in October compared to an increase of 1.54 percent in September.

Market expectation of Monthly change was between 2.13% and 1.59% with the average estimate at 1.85%.

CPI inflation Urban, increased by 7.3% on year-on-year basis in October 2020 as compared to an increase of 7.7% in the previous month and 10.9% in October 2019. On month-on-month basis, it increased by 1.3% in October 2020 as compared to an increase of 1.3% in the previous month and an increase of 1.6% in October 2019.

CPI inflation Rural, increased by 11.3 % on year-on-year basis in October 2020 as compared to an increase of 11.1% in the previous month and 11.3% in October 2019. On month-on-month basis, it increased by 2.4 % in October 2020 as compared to an increase of 2.0% in the previous month and an increase of 2.2% in October 2019.

SPI inflation on YoY increased by 12.3% in October 2020 as compared to an increase of 12.0% a month earlier and an increase of 15.1% in October 2019. On MoM basis, it increased by 3.0% in October 2020 as compared to an increase of 2.1% a month earlier and an increase of 2.7% in October 2019.

WPI inflation on YoY basis increased by 5.1% in October 2020 as compared to an increase of 4.3% a month earlier and an increase of 13.3% in October 2019. WPI inflation on MoM basis increased by 2.9% in October 2020 as compared to a decrease of 1.0% a month earlier and an increase of 2.0% in corresponding month (October 2019) of last year.

Core inflation (NFNE)

  • Measured by non-food non-energy Urban CPI increased by 5.6% on (YoY) basis in October, 2020 as compared to an increase of 5.5% in the previous month and 7.7% in October, 2019. On (MoM) basis, it increased by 0.6% in October, 2020 as compared to increase of 0.3% in previous month, and an increase of 0.5% in corresponding month of last year i.e. October, 2019.
  • Measured by non-food non-energy Rural CPI increased by 7.6% on (YoY) basis in October, 2020 as compared to an increase of 7.8% in the previous month and 8.6% in October, 2019. On (MoM) basis, it increased by 0.6% in October, 2020 as compared to an increase of 0.4% in previous month, and an increase of 0.7% in corresponding month of last year i.e. October, 2019. Core inflation (Trimmed)
  • Measured by 20% weighted trimmed mean Urban CPI increased by 6.5% on (YoY) basis in October, 2020 as compared to 7.1% in the previous month and by 8.9% in October, 2019. On (MoM) basis, it increased by 0.6% in October, 2020 as compared to an increase of 0.4% in the previous month and an increase of 0.5% in corresponding month of last year i.e. October, 2019.
  • Measured by 20% weighted trimmed mean Rural CPI increased by 9.5% on (YoY) basis in October, 2020 as compared to 10.0% in the previous month and by 9.4% in October, 2019. On (MoM) basis, it increased by 1.1% in October, 2020 as compared to an increase of 0.9% in the previous month and an increase of 0.6% in corresponding month of last year i.e. October, 2019.

 

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