Monthly Review on Price Indices

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1 Annexure-I Monthly Review on Price Indices December, (Base ) Government of Pakistan Ministry of Statistics Pakistan Bureau of Statistics Islamabad

3 Inflation in Brief 1. CPI inflation General increased by 6.2% on year-on-year basis in December as compared to an increase of 6.5% in the previous month and 4.6% in December. On month-on-month basis, it decreased by 0.4% in December as compared to an increase of 0.1% in the previous month and decrease of 0.1% in December. 2. Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 8.4% on (YoY) basis in December as compared to an increase of 8.3% in the previous month and 5.5% in December. On (MoM) basis, it increased by 0.3% in December as compared to an increase of 0.4% in previous month, and an increase of 0.2% in corresponding month of last year i.e. December. 3. Core inflation, measured by 20% weighted trimmed mean CPI (Core Trimmed) increased by 6.9% on (YoY) basis in December as compared to 6.7% in the previous month and by 4.7% in December. On (MoM) basis, it increased by 0.3% in December as compared to an increase of 0.3% in the previous month and an increase of 0.2% in corresponding month of last year i.e. December. 4. The CPI by Income Quintiles and Commodity Groups for December (MoM and YoY) is placed at Annexure-C. 5. SPI inflation on YoY basis increased by 2.0% in December as compared to an increase of 1.3% a month earlier and an increase of 2.2% in December. On MoM basis, no change is observed in December as compared to an increase of 0.3% in the previous month and a decrease of 0.7% in corresponding month of last year i.e. December. 6. WPI inflation on YoY basis increased by 12.1% in December as compared to an increase of 13.5% a month earlier and an increase of 3.4% in December. WPI inflation on MoM basis decreased by 0.9% in December as compared to a increase of 0.7% a month earlier and an increase of 0.4% in corresponding month of last year i.e. December. 7. Figures 1 and 2 show graphically the data of Table1. Table1.1 shows Period Average and YoY percent changes in indices of three years. Table 1: Inflation (%) (Base ) CPI Core Inflation Period General Food Non-food NFNE* Trimmed SPI** WPI YoY MoM YoY MoM YoY MoM YoY MoM YoY MoM YoY MoM YoY MoM Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec *NFNE is non-food non-energy, ** SPI for quintile 1. Digits 0.0* are due to rounding off. Table 1.1 : Period Average and YoY % Changes of Indices (Base ) Average July - December % changes December over December % changes Index CPI SPI WPI

5 No I. Consumer Price Index (CPI) The Consumer Price Index of November, is decreased by 0.41% over November and increased by 6.17% over corresponding month of the last year i.e. December. Table 2 : Consumer Price Index by Group of Commodities and Services (Base ) Group Group Weight (%) Indices % Change December Over Impact (In % points) December Over Dec Nov Dec Nov Dec Nov Dec General Food & Non-alcoholic Bev Non-perishable Food Items Perishable Food Items Alcoholic Bev.& Tobacco Clothing & Footwear Housing, Water, Electricity, Gas & Fuels Furnishing & Household Equipment Maintenance Health Transport Communication Recreation & Culture Education Restaurants & Hotels Miscellaneous Main contributors to month-on-month and year-on-year percentage changes are given below and detail is given in Annexure A. 1. Month-on-month Top few commodities which varied from previous month are given below: - Food Increased: Honey (5.61%), Pulse Moong (4.06%), Pulse Gram (2.96%), Beans (2.71%), Pulse Mash (2.55%), Pulse Masoor (2.29%), Cooking Oil (1.92%) and Dry Fruits (1.74%). Decreased: Fresh Vegetables (21.78%), Tomatoes (21.14%), Potatoes (20.23%), Onions (13.23%), Chicken (6.8%), Fresh Fruits (1.83%) and Eggs (1.31%). Non-food Increased: Personal Equipment (2.69%), Motor Vehicles Accessories (2.4%), Woollen Readymade Garments (2.07%), Washing Soap & Detergents (1.44%), Plastic Products (1.41%), Household Servant (1.18%) and Mechanical Services (1.17%). Decreased: Transport services (1.57%), Kerosene Oil (1.01%) and Motor Fuel (0.67%). Year-on-Year: Top few commodities which varied from previous year i.e. December, are given below:- Food Increased: Spices (14.95%), Meat (13.21%), Cigarettes (12.72%), Honey (12.43%), Tea (11.11%) Dry Fruits (10.43%), Rice (8.89%), Chicken (8.86%) and Sweet Meat (7.95%). Decreased: Tomatoes (56.3%), Onion (53.45%), Potatoes (36.09%), Fresh Vegetables (27.00%), Gram Whole (9.35%), Eggs (9.05%), Pulse Mash (6.32%) and Besan (3.17%). Non-food Increased: Gas (85.31%), Newspapers (27.42%), Motor Fuel (25.75%), Kerosene Oil (22.15%), Transport Services (15.95%), Motor Vehicles (14.89%), Water Supply (13.62%), Personal Equipment (12.13%), Construction Input Items (11.94%), Cosmetics (11.52%), Utensils (11.43%) and Construction Wage Rates (10.41%).

6 II. Sensitive Price Indicator Quintile-wise percentage changes YoY and MoM are given below in Table 3. The series from December to December is also graphed below in Figure 3. Quintiles Table 3: Sensitive Price Indicator (Base ) December, Indices November, December, % Change Dec, over November, December, Combined Table 3.1 : Weekly Percentage Change of SPI During December, Quintiles % Change with Previous week Quintile Combined

7 III. Wholesale Price Index The Wholesale Price Index for December, decreased by 0.88% over November,. It increased by 12.09% over the corresponding month of the last year. YoY and MoM movements, from December, to December, are also graphed below in Figure 4. Main contributors to month-on-month and year-on-year percentage changes are given below and detail is given in Annexure B. No. Table 4 : Wholesale Price Index by Group of Commodities (Base ) Group Group Weight (%) Dec. Indices % Change Dec, over Impact (in %age points) Dec, over 1. Month-on-month Top few commodities which varied from previous month i.e. November, are given below:- Increased: Lathe Machine (11.49%), Wool (5.12%), Jowar (3.87%), Motorcycles (3.10%), Sugar Crops (2.93%), Silk & Reyon Fabrics (2.89%), Readymade Garments (2.54%), Maize (2.26%), Pulses (2.15%), Spices (2.06%), Sugar (1.94%), Rice (1.90%), Dry Fruits (1.77%), Cotton Yarn (1.69%), Coffee & Tea (1.68%), Milk and Cream in Solid Form (1.67%), Other Fabrics (1.60%), Vegetable Ghee (1.51%), Blankets (1.44%), Dried Fruits & Nuts (1.33%) and Auto Tyres (1.14%). Decreased: Vegetables (30.04%), Potatoes (15.91%), Furnace Oil (15.75%), Bajra (9.57%), Poultry (8.28%), Stimulant & Spice Crops (4.78%), Diesel (3.91%), Eggs (3.75%), Kerosene Oil (3.47%), and Fresh Fruits (2.50%). 2. Year-on-year Top few commodities which varied from previous year i.e. December, are given below:- Increased: Other Leather N.E.C (54.65%), Furnace Oil (51.70%), Natural Gas Liquefied (48.92%), Kerosene Oil (45.36%), Diesel (37.88%), Fibre Crops (35.09%), Hard Board (29.63%), Jowar (28.48%), Bajra (27.40%), Cotton Yarn (27.24%), Lathe Machine (24.12%), Petrol (23.71%), Tobacco Products (23.69%), Steel Bar & Sheets (21.88%), Paints & Varnishes (19.85%), Stimulant & Spice Crops (19.15), Chemicals (18.35%), Fertilizers (16.25%), Foot wears (15.52%), Motor Vehicles (14.63%), Maize (13.62%), Cement (13.23%), Coffee & Tea (12.92%),Tractors (12.48%) and Spices (12.30%). Nov. General Agriculture, Forestry & Fishery Products 2. Ores & Minerals, Electricity, Gas & Water 3. Food Products, Beverages & Tobacco, Textiles, Apparel & Leather Products Food Products, i. Bev. & Tobacco Decreased: Vegetables (46.21%), Potatoes (33.91%), Eggs (12.91%), Hides & Fur Skins (11.33%), Pulses (6.25%), Fish (1.05%). Dec, Nov. Dec, Nov. Dec, ii. Textiles and Apparel iii. Leather Products Other Transportable Goods except Metal Products, Machinery & Equipment 5. Metal Products, Machinery & Equipment

8 YoY MoM

9 Annexure A: CPI by Commodity Groups and Commodities ( =100) Item and Specification Weight Index Numbers Dec Nov Dec % Change in Dec over Nov Dec General Food and non-alcoholic Beverages Wheat Wheat Flour Wheat Product Besan Rice Cereals Bakery & Confectionary Nimco Meat Chicken Fish Milk Fresh Milk Products Milk Powder Eggs Mustard Oil Cooking Oil Vegetable Ghee Dry Fruits Fresh Fruits Pulse Masoor Pulse Moong Pulse Mash (Washed) Pulse Gram Gram Whole Beans Potatoes Onion Tomatoes Fresh Vegetables Sugar Gur Honey SweetMeat Beverages Jam, Tomato Ketchup & Pickles Condiments Spices Tea Alcoholic Beverages, Tobacco Cigarettes Betel Leaves & Nuts Clothing and footwear Cotton Cloth Woolen Cloth Readymade Garments Woolen Readymade Garments Hosiery

10 Annexure A: CPI by Commodity Groups and Commodities ( =100) Item and Specification Weight Index Numbers Dec Nov Dec % Change in Dec over Nov Dec 47 Dopatta Cleaning and Laundry Tailoring Footwear Housing, water, Elec., Gas and other House Rent Construction Input Items Construction Wage Rates Water Supply Electricity Gas Kerosene Oil Firewood Whole Furnishing and household Furniture Household Textiles Household Equipment Utensils Plastic Products Washing Soaps & Detergents Sewing Needle & Dr Cell Household Servant Marriage Hall Charges Health Drugs & Medicines Medical Equipments Doctor (MBBS) Clinic Fee Medical Tests Transport Motor Vehicles Motor Vehicle Accessories Motor Fuel Mechanical Service Motor Vehicle Tax Transport Services Communication Postal Services Communication & Apparatus Recreation and culture Recreation & Culture Text Books Newspapers Stationery Education Education Restaurants and hotels Readymade Food Misc. goods and services Personal Care Cosmetics Blades Personal Equipments

11 Annexure B: Wholesale Price Indices by Major Groups & Commodities ( =100) Index Numbers Dec 18 Nov 18 Dec 17 % Change in Dec over Nov Dec Item and Specification Weight General Agriculture Forestry & Fisher Wheat Maize Rice Sorghum / Jowar Millet / Bajra Vegetables Fresh Fruits Dry Fruits Cotton Seeds Other Oil Seeds Edible Roots / Potatoes Stimulant & Spice Crops Pulses Sugar Crops Fibre Crops Unmanufactured Tobacco Poultry Raw Milk from Bovine Animals Eggs Raw Animal Materials / Wool Hides & Fur Skins, Raw Fuel Wood in Logs Fish Live Fresh or Chilled Ores/Minerals, Elec., Gas & W Coal not Agglomerated Natural Gas Liquified Salt & Pure Sodium Chloride Electrical Energy Food,Beverages,Tobacco,Textil Food Products, Beverages & Meat of Animals Vegetables & Fruit Juice Dried Fruits & Nuts Fruit Juices Vegetable Oils Refined Vegetable Ghee Oil Cakes Processed Liquid Milk Milk & Cream in Solid Form Ice Cream Dairy Products N.E.C Wheat Flour Other Cereal Flour Sugar Refined Chocolate Sugar Confectionary Coffee & Tea Spices Other Food Products Mineral Water Beverages Tobacco Products Textiles & Apparels Cotton Yarn Nylon Yarn Blended Yarn Woven Fabrics Cotton Fabrics Other Fabrics Silk & Reyon Fabrics Towels

12 Annexure B: Wholesale Price Indices by Major Groups & Commodities ( =100) Index Numbers Dec 18 Nov 18 Dec 17 % Change in Dec over Nov Dec Item and Specification Weight 058 Blankets Bed Sheets Quilts Woolen Carpets Synthetic Carpets Hosiery Products Readymade Garments Leather Products Leather Without Hair Other Leather N.E.C Footwears Other Transportable Goods Timber Printing Paper Hard Board Coke Motor Spirit Diesel Oil Kerosine Oil Furnace Oil Mobil Oil Chemicals Dyeing Material Fertilizers Pesticides Insecticides Paints & Varnishes Medicines Soaps & Detergents Auto Tyres Plastic Products Glass sheets Other Glass Articles Ceramics & Sanitary Fixture Bricks, Blocks & Tiles Cement Bed Foam Matches Metal Product, Machinery & Eq Pig Iron Steel Bar & Sheets Pipe Fittings Steel Products Engines & Motors Vacuum Pumps Air Conditioners Cultivators Chuff Cutter Tractors Lathe Machines Concrete Mixture Fridge,WashM,SewM,Fans,Iron Electric Wires Lighting Equipments Radio & Television Motor Vehicles Motorcycles Bicycles

13 Annexure C Income Quintiles CPI by Income Quintiles and Commodity Groups ( =100) December, (% change with November, ) MoM General Food and nonalcoholic Beverages Alcoholic Beverages, Tobacco Clothing and footwear Housing, water, Elec., Gas and other fuels Furnishing and household equipment maintenance Health Transport Communication Recreation and culture Education Restaurants and hotels Misc. goods and services Combine Income Quintile Income Quintile Income Quintile Income Quintile Income Quintile Income Quintiles CPI by Income Quintiles and Commodity Groups ( =100) December, (% change with December, ) YoY General Food and nonalcoholic Beverages Alcoholic Beverages, Tobacco Clothing and footwear Housing, water, Elec., Gas and other fuels Furnishing and household equipment maintenance Health Transport Communication Recreation and culture Education Restaurants and hotels Misc. goods and services Combine Income Quintile Income Quintile Income Quintile Income Quintile Income Quintile

Press Release Consumer Price Index December 2014

Press Release Consumer Price Index December 2014 Consumer Price Index, base period December 2006 December 2014 The Central Bureau of Statistics presents the most important findings for the Consumer Price Index (CPI) for the month of December 2014. The