Consumer inflation falls to 9.6pc in Oct from 10.3pc in Sept
ISLAMABAD: Consumer inflation eased to 9.6 per cent in October from 10.3pc a month earlier , mainly due to a slight slowdown in perishable food products, the Pakistan Bureau of Statistics said on Monday. The slowdown in the inflation rate for the second consecutive month, measured by the Consumer Price Index, reversed the sharp increase recorded in August , when higher food and energy prices…
Consumer inflation in Pakistan dropped to 9.6% in October, down from 10.3% the previous month, according to the Pakistan Bureau of Statistics. This decrease, mainly due to a slowdown in perishable food prices, marked the second consecutive month of easing, reversing the sharp rise seen in August when food and energy prices surged.
Both urban and rural areas saw inflation rates fall, with urban inflation decreasing to 9.8% from 10.5% and rural inflation easing to 9.5% from 10.1%. This decline aligns with the Ministry of Finance's projection of 9.5% to 10.5% for October. Despite the easing, prices still rose 1.1% month-on-month in October. Annual inflation was recorded at 6.2% in October 2022, compared to 4.79% over the same period last year.
Food inflation dropped to 7.8% in urban areas and 7.1% in rural areas, while non-food inflation increased, driven by higher electricity charges and transport costs. Core inflation, excluding food and energy, eased slightly to 7.8% in urban areas and 7.1% in rural areas.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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