CPI inflation restricted to 8.2 percent in May 2020

KARACHI: National Consumer Price Index (NCPI) for the month of May’20 stood at (8.22%YoY) as compared to (8.5%YoY) in the previous month and (8.33%YoY) in the same period last year. Hence, average inflation during the11MFY20 now stands at 10.94% vs. 6.68% in SPLY.

On the (MoM) basis, Inflation increased by 0.32% owing to a higher food index which augmented by (+1.63%MoM), followed by Clothing (+1.4%). While the transport index declined by (6.45%MoM).

Inflation remained relatively under control in Ramadan due to a massive decline in fuel prices during April-May 2020.

“Our initial estimates suggest that the average National Consumer Price Index (NCPI) for the 1HFY21 stand at 5.5% triggering a positive real interest rate of 250bps. Therefore, we expect monetary easing to continue and more rate cuts would be seen 1HFY21,” a report issued by Pearl Securities said.

Drilling further to inflation, the Urban CPI recorded an increase of (7.27%YoY) while Rural CPI recorded an increase of (9.69%YoY).

Major commodities that witnessed an increase including Chicken (41.46%), Potatoes (31.19%), fruits (9.72%), Milk (4.63%), Cotton cloth (4.04%), Condiments and Spices (3.71%), Tailoring (2.53%), Motor vehicle accessories (1.51%), Meat (0.94%), and Construction input items (0.38%).Whereas, the decline was registered in Onions (23.35%), vegetables (19.62%), Eggs (18.74%), Motor fuel (13.43%), Tomatoes (7.74%), Pulse gram (7.25%), Pulse Masoor (4.43%), Besan (4.38%), Liquified Hydrocarbons (4.12%) and Wheat (3.37%).

Bookmark the permalink.

Comments are closed.

  • RSS Newsnreleases

    • Atos has completed the acquisition of IDEAL GRP 27-Jul-2021
      PARIS, FRANCE: Atos has completed the acquisition of IDEA GRP, a Product Lifecycle Management (PLM) system integrator and platinum-level solution partner... Continue reading The post Atos has completed the acquisition of IDEAL GRP appeared first on NewsnReleases.
    • Simplicity Esports and Gaming evaluates IPO in US 27-Jul-2021
      BOCA RATON, FLORIDA: Simplicity Esports and Gaming Company  intends to list its common stock and warrants on The NASDAQ Capital... Continue reading The post Simplicity Esports and Gaming evaluates IPO in US appeared first on NewsnReleases.
    • TSX Venture Exchange okays Blue Rhino’s acquisition of Zebediela Nickel Company 27-Jul-2021
      LONDON, UK:  Blue Rhino Capital Corp has received conditional acceptance from the TSX Venture Exchange for its proposed qualifying transaction,... Continue reading The post TSX Venture Exchange okays Blue Rhino’s acquisition of Zebediela Nickel Company appeared first on NewsnReleases.
    • C. Hunter becomes CEO of HomeTrust Bank, President of HomeTrust Bancshares 27-Jul-2021
      ASHEVILLE: HomeTrust Bancshares Inc., the holding company of HomeTrust Bank, announced that C. Hunter Westbrook will assume the positions of... Continue reading The post C. Hunter becomes CEO of HomeTrust Bank, President of HomeTrust Bancshares appeared first on NewsnReleases.
    • Blackwood Partners and Nicola Wealth acquire another industrial land 27-Jul-2021
      TORONTO, ONTARIO: Blackwood Partners and Nicola Wealth Real Estate (NWRE) acquired a 34-acre industrial development site located in Grimsby, southwest... Continue reading The post Blackwood Partners and Nicola Wealth acquire another industrial land appeared first on NewsnReleases.