Inflation rises in seven months

Published February 15, 2002

ISLAMABAD, Feb 14: Inflation rate based on Sensitive Price Indicator (SPI), Consumer Price Index (CPI) and Wholesale Price Index (WPI) during the first seven months of this fiscal, July-January 2001-2002, surged by 2.09 per cent, 2.53 per cent and 2.53 per cent, respectively, over the corresponding period of 2000-2001.

Official figures released by Federal Bureau of Statistics (FBS) on Thursday, showed the inflation increased by 5.35pc, 4.88pc and 6.71pc during 2000-2001 in comparison with the period of 1999-2000.

And in 1999-2000, the rate of inflation increased by 1.84pc, 3.37pc and 1.53pc, respectively, over the same period of 1998-99.

The analysis of data for the last three years for the same period indicated that the increase in SPI, CPI and WPI was lower as compared to 2000-2001, but higher as compared to 1999-2000 except CPI.

On monthly basis, the inflation rates based on SPI and CPI for January, 2002, increased by 2.02pc and 2.31pc, respectively, while WPI decreased by 0.46pc over the same month of last year. It increased in January, 2001, by 6.46pc, 4.67pc and 9.33pc, respectively, over January 2000.

And in January 2000, the rate of inflation for SPI and CPI increased by 0.62pc and 3.43pc, respectively, while WPI decreased by 0.41pc over January 1999.

The analysis of data for the last three years indicated that the increase in SPI, CPI and WPI during January 2002, was lower as compared to January 2001, but higher in case of SPI and WPI as compared to January 2000, except CPI.

The inflation rates based on SPI, CPI and WPI for January, 2002 increased by 0.17pc, 0.26pc and 0.17pc, respectively, over December 2001.

During January 2001, CPI and WPI decreased by 0.16pc and 0.84pc, respectively, but SPI increased by 0.15pc over December 2000. However, CPI and WPI for January 2000, increased by 0.20pc and 0.30pc, respectively, whereas SPI decreased by 0.23pc over December 1999.

On the other hand, during five weeks of January 2002, SPI increased at an average of 0.17pc over December 2001. While CPI during January 2002, increased by 0.26pc over December 2001, and increased by 2.31pc over corresponding month of last year.

Opinion

Editorial

A new war
Updated 01 Mar, 2026

A new war

UNLESS there is an immediate diplomatic breakthrough, the joint Israeli-American aggression against Iran launched on...
Breaking the cycle
01 Mar, 2026

Breaking the cycle

THE confrontation between Pakistan and Afghanistan has taken a dangerous turn. Attacks, retaliatory strikes and the...
Anonymous collections
01 Mar, 2026

Anonymous collections

THE widespread emergence of ‘nameless donation boxes’ soliciting charity in cities and towns across Punjab...
Afghan hostilities
Updated 28 Feb, 2026

Afghan hostilities

The need is for an immediate ceasefire and substantive negotiations, with the onus on the Taliban to rein in cross-border attacks.
Cutting taxes
28 Feb, 2026

Cutting taxes

PRIME Minister Shehbaz Sharif’s plan to cut direct taxes for businesses in the next budget acknowledges the strain...
KCR challenge
28 Feb, 2026

KCR challenge

THE Karachi Circular Railway is being discussed again. It seems that the project, or, rather, the hopes of it, are...