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Pakistan Inflation Drops to Low of 3.5 Years in September on Falling Food And Petroleum Prices

admin-augaf by admin-augaf
October 1, 2024
in Business, Finance
Reading Time: 2 mins read
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Fall In Tomatoes And Potatoes Prices Eased Pakistan Household Inflation
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Islamabad October 1 2024: Pakistan Consumer Price, CPI inflation General, decreased to 6.9% on year-on-year basis in September 2024 as compared to 9.6% in the previous month and 31.4% in September 2023.

Food prices are down 0.23% whereas motor fuel prices are down 17.1% year-on-year basis, according to the PBS.

On month-on-month basis, it decreased by 0.5% in September 2024 as compared to an increase of 0.4% in the previous month and an increase of 2.0% in September 2023.

CPI inflation Urban, decreased to 9.3% on year-on-year basis in September 2024 as compared to 11.7% in the previous month and 29.7% in September 2023. On month-on-month basis, it decreased by 0.5% in September 2024 as compared to an increase of 0.3% in the previous month and an increase of 1.7% in September 2023.

CPI inflation Rural, decreased to 3.6% on year-on-year basis in September 2024 as compared to 6.7% in the previous month and 33.9% in September 2023. On month-on-month basis, it decreased by 0.5% in September 2024 as compared to an increase of 0.6% in the previous month and an increase of 2.5% in September 2023.

SPI inflation on YoY decreased to 9.2% in September 2024 as compared to 10.8% a month earlier and 32.0% in September 2023. On MoM basis, it increased by 0.2% in September 2024 as compared to a decrease of 0.3% a month earlier and an increase of 1.7% in September 2023.

WPI inflation on YoY basis decreased to 1.9% in September 2024 as compared to 6.3% a month earlier and an increase of 26.4% in September 2023. On MoM basis, it decreased by 1.1% in September 2024 as compared to an increase of 0.3% in the previous month and an increase of 3.1% in corresponding month of last year i.e. September 2023.

Tags: Inflation
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