Islamabad, February 01, 2022 (PPI-OT):CPI inflation is recorded at 10.26 percent during Jul-Jan FY-2022 as against 8.19 percent in the same period last year. CPI YoY basis is registered at 12.96% in the month of January 2022, mainly due to base effect and increase in global commodity prices.
CPI inflation on MoM basis recorded at 0.39%. Urban Food declined by -0.8% and Rural Food recorded at 0.4% while Non-food stood at 0.6% and 1.4% for Urban and Rural respectively.
The major items showing decline in Urban are Tomatoes (42.88%), Potatoes (13.32%), Condiments and Spices (7.50%), Chicken (2.24%), Vegetables (1.65%), Wheat flour (1.28%), Eggs (1.13%), Electricity charges (2.52%) and Construction Input Items (0.08%).
The major items showing decline in Rural are Tomatoes (47.89%), Potatoes (12.74%), Onions (2.78%), Chicken (0.47%), Electricity Charges (2.52%) and Liquefied Hydrocarbons (0.19%).
Month on Month inflationary trend is given in table below: Month Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-21 CPI (MoM) 1.3 0.6 2.1 1.9 3.0 -0.02 0.4
The upsurge in international food and fuel prices is mainly due to fall in the global food production and high demand due to Corona Virus pandemic and supply chain disruptions, which has been transmitted in the domestic prices of these items. This is well depicted in the table given below presenting the MoM inflation in regional countries: Regional Inflationary trend Countries Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Pakistan 1.3 0.6 2.1 1.9 3.0 -0.02 0.4 Iran 3.5 3.2 3.9 3.7 2.4 1.7 2.4 Turkey 1.8 1.1 1.3 2.4 3.5 13.6
Zimbabwe 2.6 4.2 4.7 6.4 5.8 5.8 5.3 India 0.7 0.2 0.2 1.4 0.7 -0.4 Kirghizstan -0.1 -0.8 0.3 1.3 1.7
Government is taking policy initiatives, administrative actions and relief measures to control inflationary pressure in the country. Hence the Sensitive Price Indicator which monitors the price movement of 51 essential items recorded a decline of 0.11% on 27th January 2022 over the previous week. The decline in SPI has been observed in last three weeks consecutively.
The decline observed in prices of items i.e. Chillies Powder 9.1%, Potatoes 4.0%, Onions 2.9%, Eggs 2.2%, LPG 2.0%, Chicken 1.7%, Sugar 1.1% and Bananas 0.6%. During the week, out of 51 items, prices of 8 items decreased, 17 items increased, and 26 items remained stable.
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