CPI-based inflation up by 3.2% in December

ISLAMABAD: The Consumer Price Index (CPI) based inflation rate witnessed an increase of 3.2% during December as compared to same month of last year.

On month-on-month basis, the CPI inflation however decreased by 0.6% in December as compared to the previous month, according to data released by Pakistan Bureau of Statistics (PBS).

Meanwhile, the Sensitive Price Index (SPI) inflation on year-on-year basis increased by 2.9% in December as compared to increase of 2.1% a month earlier while on month-on-month basis, the SPI decreased by 0.7% in the month under review as compared to an increase of 1% month earlier.

Similarly, the Wholesale Price Index (WPI) inflation on YoY basis decreased by 0.4% in December 2015 as compared to decrease of 1.7% a month earlier and a decrease of 0.9% in December 2014.

On MoM basis, it decreased by 0.7% in December 2015 as compared to increase of 0.01% a month earlier and a decrease of 1.9% in September 2014.

The food items that witnessed increase in the prices during the month over previous month included cigarettes, mash pulse, eggs, chicken, tea, wheat and betel leaves, gram (whole), dry fruits and besan.

The food items that witnessed decrease in the prices during the period under review over previous month included tomatoes, vegetables, onions, potatoes, sugar, gur, fresh fruits and rice.

The non-food items prices of which increased during the period under review included woolen readymade garments, postal services, blades, cosmetics and cleaning and laundry.

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