Pakistan September inflation seen easing but energy pressures persist
Pakistan’s consumer price inflation is expected to ease to around 10% in September from 11.15% a month earlier , brokerage houses said, but rising fuel and electricity costs are expected to keep price pressures elevated and complicate the central bank’s policy outlook. September inflation is projected at between 9.9% and 10.5% year-on-year, according to estimates from Topline Securities, Ismail…
Pakistan's consumer price inflation is projected to ease to around 10% in September from 11.15% in August, according to estimates from several brokerage houses. However, rising fuel and electricity costs are expected to keep price pressures elevated, complicating the central bank's policy outlook. The increase in electricity charges is mainly due to a higher Charges Adjustment and a positive Quarterly Tariff Adjustment.
Food prices, particularly onion prices, are contributing to the inflation, with a 32% rise in onion prices during September. Energy costs are expected to have a larger share in the increase, while food pressures ease, according to Ismail Iqbal Securities. The brokerage house predicts September inflation at 10.5% year-on-year and 1.4% month-on-month, with food contributing about 25 basis points to the overall inflation.
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