Inflation measured by the Consumer Price Index (CPI) reduced slightly to 23.18 per cent year-on-year in September, data released by the Pakistan Bureau of Statistics (PBS) showed on Saturday.

Last month, headline inflation had reached 27.26pc — the highest in 49 years. In September 2021, inflation stood at 9pc.

Inflation in September was driven by a double-digit increase in almost all sub-indices, especially transport and perishable food items.

The latest data showed that inflation decreased 1.15pc month-on-month.

According to the PBS, in September, urban and rural inflation increased to 21.2pc and 26.12pc year-on-year, respectively.

Index-wise increase in inflation YoY:

  • Transport: 64.49pc
  • Perishable food items: 50.30pc
  • Alcoholic beverages and tobacco: 32.67pc
  • Restaurants and hotels: 28.81pc
  • Non-perishable food items: 28.76pc
  • Furnishing and household equipment maintenance: 25.06pc
  • Miscellaneous goods and services: 22.86pc
  • Recreation and culture: 22.76pc
  • Clothing and footwear: 17.7pc
  • Health: 13.77pc
  • Education: 9.97pc
  • Housing and utilities: 3.37pc
  • Communication: 1.29pc

PBS data showed that top commodities contributing to YoY inflation included tomatoes which saw over 128pc rise, pulse Masoor which saw rates rise by more than 78pc and motor fuel which increased by up to 90pc.

Last month, analysts had told Dawn that inflation was expected to slow down from its decades-high level following more than a one-third drop in international oil prices since June.

In its Monthly Economic Update and Outlook for September, the finance ministry said Pakistan was facing a severe economic and humanitarian crisis due to the devastating floods this year.

The government was alleviating the effects of the rupee’s depreciation and agricultural destruction by prompt measures, including countering price speculation and providing sufficient supplies by allowing trade from neighbouring countries, it said.

“Still, the risk of second-round effects of recent inflationary shocks persists which may work themselves through the markets. It can also be observed that in recent years, the month of August shows a positive seasonality in the MoM (month-on-month) inflation rate. All in all, September may show a halt to the recent drastic accelerations of the YoY inflation rate,” it added.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.



Price bombs
Updated 18 Jun, 2024

Price bombs

It just wants to take the easy route and enjoy the ride for however long it is in power.
Palestine’s plight
Updated 17 Jun, 2024

Palestine’s plight

While the faithful across the world are celebrating with their families, thousands of Palestinian children have either been orphaned, or themselves been killed by the Israeli aggressors.
Profiting off denied visas
17 Jun, 2024

Profiting off denied visas

IT is no secret that visa applications to the UK and Schengen countries come at a high cost. But recent published...
After the deluge
Updated 16 Jun, 2024

After the deluge

There was a lack of mental fortitude in the loss against India while against US, the team lost all control and displayed a lack of cohesion and synergy.
Fugue state
16 Jun, 2024

Fugue state

WITH its founder in jail these days, it seems nearly impossible to figure out what the PTI actually wants. On one...
Sindh budget
16 Jun, 2024

Sindh budget

SINDH’S Rs3.06tr budget for the upcoming financial year is a combination of populist interventions, attempts to...