Pakistan's Yearly inflation at 9.41 Percent in March

April 1, 2019 (MLN): Pakistan's Yearly Inflation rate in March 2019 was 9.41 percent compared to 8.21 percent in February 2018 and 3.25 percent in March 2018. On a monthly basis, CPI increased by 1.42 percent in March compared to 0.64 percent in February.

The July-March average inflation is 6.78 percent compared to 3.78 percent from the corresponding period last year.

The Yearly inflation figures were higher than market Expectation of Inflation for March which was between 9.12% and 8.60% with the average estimate of 8.91% while the expectation for Monthly change was between 1.15 % and 0.70% with the average estimate at 0.96%.

Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 8.5% on (YoY) basis in March 2019 as compared to an increase of 8.8% in the previous month and 5.8% in March 2018. On (MoM) basis, it increased by 0.5% in March 2019 as compared to an increase of 0.2% in previous month, and an increase of 0.7% in corresponding month of last year i.e. March 2018.

Core inflation, measured by 20% weighted trimmed mean CPI (Core Trimmed) increased by 7.9% on (YoY) basis in March 2019 as compared to 7.7% in the previous month and by 4.1% in March 2018. On (MoM) basis, it increased by 0.4% in March 2019 as compared to an increase of 0.2% in the previous month and an increase of 0.2% in corresponding month of last year i.e. March 2018.

SPI inflation on YoY basis increased by 8.8% in March 2019 as compared to an increase of 6.5% a month earlier and a decrease of 1.8% in March 2018. On MoM basis, it increased by 1.6% as compared to an increase of 1.5% in the previous month and a decrease of 0.6% in corresponding month of last year i.e. March 2018.

WPI inflation on YoY basis increased by 12.6% in March 2019 as compared to an increase of 11.0% a month earlier and an increase of 3.6% in March 2018. WPI inflation on MoM basis increased by 1.7% in March 2019 as compared to an increase of 0.9% a month earlier and an increase of 0.2% in corresponding month of last year i.e. March 2018.

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