National Consumer Price Index (CPI) has witnessed an increase of 12.63 percent on year-on-year (YoY) basis in December 2019 against the same period of 2018, revealed Monthly Price Indices released by Pakistan Bureau of Statistics (PBS) on Wednesday.
The PBS said that on month on month (MoM) basis, the CPI with base year 2015-16 during December 2019 against November 2019 at national level witnessed a reduction of 0.34 percent, from 130.90 points to 130.45 points. On annual basis, the CPI jumped up from 115.82 points to 130.45 points which reflected an increase of 12.63 percent.
According to PBS, the CPI in urban areas on YoY basis went up by 12.01 percent during December 2019 as compared to December 2018 as it went up from 116.57 points to 130.57 points, while on MoM basis Urban CPI went down by 0.37 percent from 131.05 points to 130.57 points.
According to the data, over the period the Rural CPI based inflation increased by 13.6 percent on YoY basis from 114.70 points to 130.28 points and on MoM basis Rural CPI witnessed a decline of 0.3 percent from 130.67 points to 130.28 points.
Meanwhile, the Sensitive Price Indicator (SPI) witnessed an increase of 18.14 percent on YoY basis as it went up from 113.53 points to 134.13 points and SPI on MoM basis witnessed a reduction of 1.97 percent from 136.83 points to 134.13 points.
According to PBS data, over the period the Wholesale Price Index (WPI) on annual basis registered an increase of 12.37 percent from 126.15 points to 141.75 points and on monthly basis WPI went down by 0.3 percent from 142.17 points to 141.75 points.
Core inflation, measured by 20 percent weighted trimmed mean Rural CPI (Core Trimmed) increased by 10.8 percent on YoY basis in December 2019 as compared to 10.7 percent in the previous month and by 6.6% in December 2018. On MoM basis, it increased by 0.3 percent in December 2019 as compared to an increase of 0.7 percent in the previous month and an increase of 0.4% in corresponding month of last year i.e. December 2018.
During the month of December 2019, the core inflation measured by non-food non-energy (NFNE) Urban CPI increased by 7.5 percent on YoY basis and 0.4 percent MoM basis whereas the Core Inflation measured by NFNE Rural CPI increased by 8.1 percent on YoY basis and 0.5 percent on MoM basis.
The top few food commodities that witnessed increase in their prices on YoY basis included tomatoes by 321.04 percent, onions, 169.45 percent, fresh vegetables, 83.59 percent, potatoes, 78.23 percent, pulse Moong, 53.24 percent, pulse Mash, 38.44 percent, Gur, 31.22 percent, sugar, 27.81 percent, wheat, 21.68 percent, cooking oil, 16.67 percent, vegetable ghee, 16.39 percent, wheat flour, 15.8 percent, pulse Masoor, 13.82 percent, fish, 13.64 percent, meat, 13.45 percent, dry fruits, 13.25 percent, besan, 11.96 percent, beverages, 11.1 percent, pulse gram, 11 percent, beans, 10.84 percent, milk powder, 10.64 percent, and tea, 10.21 percent. However, among the food commodities, 17.17 percent decrease was witnessed in the prices of chicken.
On the other hand, the non-food commodities that witnessed increase in prices included gas, 54.84 percent, construction input items, 18.51 percent, motor fuel, 17.95 percent, electricity charges, 17.57 percent, motor vehicles, 16.6 percent, cotton cloth, 12.49 percent, transport services, 11.89 percent, MBBS doctor clinic fee, 11.2 percent, woolen cloth, 10.44 percent, and motor vehicle accessories, 10.04 percent. However, liquefied hydrocarbons prices witnessed a decrease of 2.83% during the month under review, the PBS data revealed.
On account of WPI, prices of following items on MoM basis witnessed an increase: eggs by 13.3 percent, fresh fruits, 4.76 percent, wheat, 4.44 percent, vegetable ghee, 2.71 percent, pulses, 2.4 percent, sugar crop, 2.29 percent, electrical energy, 1.72 percent, dry fruits, 1.45 percent, and cotton seeds, 1.21 percent.
Prices of following items witnessed a reduction on MoM basis on account of WPI; vegetables, 14.25 percent, poultry, 13.9 percent, maize, 5.23 percent, diesel oil, 2.75 percent, sugar refined, 2.22 percent, cement, 0.45 percent, and rice, 0.24 percent.
On YoY basis, prices of following commodities on account of WPI witnessed an increase; vegetables, 159.33 percent, electrical energy, 33.02 percent, liquefied natural gas, 28.62 percent, sugar refined, 28.53 percent, wheat, 21.11 percent, pulses, 20.33 percent, wheat flour, 16.63 percent, kerosene oil, 15.39 percent, fertilizers, 14.57 percent, and rice, 12.04 percent.
On YoY basis, on account of WPI prices of following items witnessed a decline; poultry, 20.53 percent, furnace oil, 16.69 percent, cement, 2.55 percent, and raw animal materials/wool, 1.29 percent.
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