{"id":20271,"date":"2023-11-01T19:35:06","date_gmt":"2023-11-01T19:35:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/inflation-clocks-in-at-26-9pc-in-october\/"},"modified":"2023-11-01T19:35:06","modified_gmt":"2023-11-01T19:35:06","slug":"inflation-clocks-in-at-26-9pc-in-october","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/inflation-clocks-in-at-26-9pc-in-october\/","title":{"rendered":"Inflation clocks in at 26.9pc in October"},"content":{"rendered":"

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Inflation, measured by the Consumer Price Index (CPI), surged by 26.89 per cent year-on-year in October, according to data<\/a> released by the Pakistan Bureau of Statistics on Wednesday.<\/p>\n

On a month-on-month basis, the CPI inflation increased by 1.08pc in October.<\/p>\n

According to the PBS data, urban and rural inflation increased 1.07pc and 1.01pc MoM, respectively.<\/p>\n

The figures contradict the finance ministry\u2019s claim in the Monthly Economic Update and Outlook<\/a> for October that inflation was likely to reduce.<\/p>\n

However, some respite came in the form of fuel price cuts and a price-control mechanism announced in October, that caretaker Prime Minister Anwaarul Haq Kakar said would limit inflation.<\/p>\n

\u201cOn a month on month basis, inflation has slowed down to 1.08pc versus the last three months averaging 2.4pc,\u201d said Mohammad Sohail, chief executive of Topline Securities.<\/p>\n

This was reaffirmed by the Monetary Policy Committee<\/a>(MPC) \u201cthat inflation will decline substantially from the second half of the year, barring any major adverse developments.\u201d<\/p>\n

The October inflation was mainly fueled by increase in food prices.<\/p>\n

An increase was noted on a month-on-month basis in:<\/p>\n

Food: Onions (38.71pc), Fresh Vegetables (17.74pc), Fresh Fruits (6.49pc), Eggs (6.05pc), Potatoes (3.72pc) and Fish (3.00pc)<\/p>\n

Non-food: Electricity Charges (8.29pc), Marriage Hall Charges (5.43pc), Accommodation Services (4.50pc), Liquefied Hydrocarbons (3.87pc) and Drugs and Medicines (3.72pc).<\/p>\n

Food: Onions (33.96pc), Fresh Vegetables (21.76pc), Beans (5.14pc), Potatoes (4.23pc), Condiments and Spices (3.65pc), Fish (3.63pc), Fresh Fruits (3.40pc) and Sweetmeat (3.37pc).<\/p>\n

Non-food: Electricity Charges (8.29pc), Doctor Clinic Fee (4.37pc), Footwear (3.69pc), Medical Tests (3.39pc), Drugs and Medicines (3.00pc) and Furniture and Furnishing (3.00pc)<\/p>\n

Non-perishable food items: 33.02pc<\/p>\n

Transport: 31.33pc<\/p>\n

Alcoholic beverages and tobacco: 84.62pc<\/p>\n

Restaurants and hotels: 33.06pc<\/p>\n

Furnishing and household equipment maintenance: 37.14pc<\/p>\n

Recreation and culture: 56.34pc<\/p>\n

Miscellaneous goods and services: 35.23pc<\/p>\n

Clothing and footwear: 20.64pc<\/p>\n

Health: 25.19pc<\/p>\n

Housing and utilities: 20.50pc<\/p>\n

Education: 12.82pc<\/p>\n

Communication: 7.37pc<\/p>\n\n

Additional information from Reuters<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Inflation, measured by the Consumer Price Index (CPI), surged by 26.89 per cent year-on-year in October, according to data released by the Pakistan Bureau of Statistics on Wednesday. On a month-on-month basis, the CPI inflation increased by 1.08pc in October. According to the PBS data, urban and rural inflation increased 1.07pc and 1.01pc MoM, respectively. […]<\/p>\n","protected":false},"author":2,"featured_media":20272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/11\/01155010ca0c823.jpg?r=155016","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-20271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t