ISLAMABAD: The consumer price index (CPI) based monthly inflation eased at8.2 percent in August from 9.3 percent during July due to decline in pricesof essential food items, according to Pakistan Bureau of Statistics (PBS)report.Ad
The Pakistan Bureau of Statistics data showed that consumer price index(CPI) inflation increased by 0.6% in August as compared to an increase of2.5% in the previous month and an increase of 1.6% in August 2019.
Prices of chicken fell 36.45 percent in August over July, followed bytomatoes (31.83pc), fresh fruits (23.15pc), pulse moong (6.5pc), vegetables(2.78pc), pulse mash (2.28pc), fish (1.87pc), gram whole (1.78pc), eggs(1.33pc), pulse gram (1.29pc), besan (1.21pc), pulse masoor (0.98pc),vegetable ghee (0.86pc) and cooking oil (0.59pc). Prices of chicken alsodecreased 38.28 percent year-on-year, followed by onions (33.02pc), fish(8.5pc) and fresh fruits (1.32pc).
According to PBS data, the Urban CPI inflation increased by 7.1% onyear-on-year basis in August 2020 as compared to an increase of 7.8% in theprevious month and 10.6% in August 2019. On month-on-month basis, itincreased by 0.8% in August 2020 as compared to an increase of 2.2% in theprevious month and an increase of 1.5% in August 2019.
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Meanwhile, the Sensitive Price Indicator (SPI) based inflation on YoY basisincreased by 11.7% in August 2020 as compared to an increase of 13.7% amonth earlier and an increase of 12.1% in August 2019. On MoM basis, itincreased by 0.9% in August 2020 as compared to an increase of 3.0% a monthearlier and an increase of 2.7% in August 2019.
