Pakistan's inflation down to 13.07 pct in May

16:44, June 12, 2010      

Email | Print | Subscribe | Comments | Forum 

Pakistan's inflation as measured by Consumer Price Index (CPI) stood at 13.07 percent in May, whereas average CPI inflation for the first 11 months of the fiscal year 2009-10 stood at 11.64 percent, local media reported Saturday.

According to official data released on Friday, the 13.07 percent compares with 13.26 percent of the preceding month and 14. 4 percent in the same month of last year, the local newspaper Daily Times reported.

"Given the lower oil price and abundant food stocks of wheat and rice, we expect the MoM inflation to remain on the lower side in the coming months, thus helping to bring down headline inflation going forward," said analyst Farhan Rizvi.

Transport and communication index eased 2.14 percent MoM on account of decline in petroleum product prices by 1.5 percent to 4. 5 percent.

"Though the electricity price pass through remains an upside risk, our estimates suggest that the pass through would only be in the range of 10 percent to 11 percent, which would generate a direct inflationary impact of 0.48 percent," said Rizvi.

Analysts said that improvement in food supply helped the food index, which has a 40.34 percent weight in CPI basket, to post a nominal MoM increase of 0.04 percent in May 2010.

Source:Xinhua

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion