Inflation in Pakistan rises to its highest level of five-year

01 Apr, 2019 11:12 pm

KARACHI (92 News) – The Pakistan Bureau of Statistics (PBS) reported on Monday that the inflation in Pakistan reached to its highest level for five years in March 2019.

According to the data of Pakistan Bureau of Statistics (PBS), it showed that Consumer Price Index (CPI) inflation General increased by 9.41 per cent on year-on-year basis in March, 2019 as compared to an increase of 8.2 per cent in the previous month and 3.2 per cent in March 2018.

On month-on-month basis, it increased by 1.4 per cent in March 2019 as compared to an increase of 0.6 per cent in the previous month and an increase of 0.3 per cent in corresponding month i.e. March 2018.

CPI by Group of Commodities and Services (Base 2007-08):

Month-on-month Top few commodities which varied from previous month i.e. February 2019 are given below:

Food Increased:

Onions (39.28%), Fresh Vegetables (24.43%), Tomatoes (18.83%), Chicken (15.88%), Pulse Moong (12.68%), Fresh Fruits (12.52%), Gur (2.88%), Sugar (2.74%), Beans (1.23%), Fish (1.18%), Spices (0.91%), Pulse Gram (0.60%), Vegetable Ghee (0.58%), Rice (0.41%), Pulse Masoor (0.31%), Bakery & Confectionary (0.31%), Cigarettes (0.27%), Wheat Flour (0.20%), Cooking Oil (0.18%), Tea (0.17%), Milk Fresh (0.17%) and Wheat (0.16%).

Decreased:

Eggs (6.32%), Potatoes (5.00%), Betel Leaves & Nuts (2.09%), Gram Whole (0.70%) and Wheat Product (0.41%).

Non-food Increased:

Text Book (3.95%), Cotton Cloths (2.30%), Medical Equipments (2.24%), Motor Fuel (1.54%), Kerosene Oil (1.51%), Household Servant (1.35%), Plastic Products (1.32%), Stationery (1.18%), Drugs and Medicines (1.16%), Construction Wage Rates (1.16%), Education (1.00%), Transport Services (0.97%), Personal Equipments (0.96%), Construction Input Items (0.79%) and Motor Vehicle (0.67%). Decreased: Woollen Cloth (0.63%).

Year-on-Year:

Top few commodities which varied from previous year i.e. March, 2018 are given below:-

Food Increased

Tomatoes (315.30%), Fresh Vegetables (28.18%), Pulse Moong (22.69%), Sugar (18.20%), Spices (17.66%), Gur (17.18%), Onions (15.85%), Honey (15.23%), Cigarettes (14.73%), Meat (13.33%), Dry Fruits (11.75%), Beans (10.09%), Pulse Gram (9.87%), Eggs(8.30%), Sweet Meat (8.28%), Milk Powder (8.07%), Fish (8.02%), Tea (7.87%), Condiments(7.43% ), Vegetable Ghee (7.18%) and Rice (5.11%).

Decreased:

Betel Leaves & Nuts (37.02%), Potatoes (15.57%), Gram Whole (5.15%), Fresh Fruits (1.38%) and Chicken (1.20%).


Non-food Increased

Gas (85.31%), Newspapers (15.98%), Transport Services (15.35%), Cosmetics (13.56%), Personal Equipment (13.25%), Stationery (13.14%), Motor Fuel (12.99%), Utensils (12.64%), Plastic Products (12.21%), Construction Input Items (11.72%), Motor Vehicles (11.08%), Washing Soap & Detergents (10.88%), Motor Vehicle accessories (10.29%), Textbooks (10.06%), Household Servant (9.50%), Construction Wage Rates (9.43%), Electricity (8.48%) , House Rent (8.20%), Kerosene Oil (7.19%) and Education (6.12%)

PETROL PRICE HIKE

The report by PBS was released a day after the PTI-led government hiked fuel prices by up to 6.45 percent, as the country continues to face widening fiscal and current account deficits amid spiralling inflation.

Govt increases LNG price by Rs3.5 per kilo

Earlier today, after hike in petroleum products prices, the federal government has also increased price of Liquefied Petroleum Gas (LNG).

According to the notification issued by the Oil and Gas Regulatory Authority (OGRA), one day after the government announced to raise petroleum product prices, LNG price has been increased by Rs3.5 per kilogramme. Following this hike, price of LNG per kg has become Rs133.5.

Domestic cylinder price has witnessed increase of Rs41, while price of commercial cylinder has grown by Rs201. The federal government on Sunday announced to raise petrol price by six rupees a litre.

Govt increases petrol, diesel prices by Rs6 per litre

The government on Sunday increased the prices of petrol and diesel by Rs6 per litre each. Meanwhile, the prices of kerosene and light diesel oil (LDO) have been increased by Rs3 a litre for April 2019 effective from Monday (today) till midnight of April 30.

With this increase, the petrol prices have been increased from the existing Rs92.88 to Rs98.88/litre. Prices of High Speed Diesel (HSD), which is widely used in transport and agriculture sector, have been increased to Rs117.43 per litre from the earlier Rs111.43 a litre.

The Kerosene oil price has been increased from earlier Rs86.31 to Rs89.31 per litre. This fuel is used for cooking purposes, especially in remote areas where LPG or pipeline gas is not available. The Light Diesel Oil (LDO) price has been increased from earlier Rs77.53 to Rs80.53 per litre. This fuel is mainly used for industrial purposes.




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