Inflation rate falls to 3.96 per cent in November

[Edevelop]

ISLAMABAD: Pakistan's annual inflation rate fell to 3.96 per cent in November from 5.82 per cent in October, the Pakistan Bureau of Statistics said on Monday.

“The drop is due to falling fuel prices which has caused the prices of commodities and transport fares to go down,” said Shaukat Zaman, the deputy director of the bureau.

On a month-on-month basis, prices rose 0.51 per cent in November. The average annual inflation rate for July through November was 6.45 per cent.

Inflation rate falls to 3.96 per cent in November - Business - DAWN.COM

 

[Donatello]

Imran Khan will die of heart attack.

 

[Green Arrow]

Not a good news for PTI

 

[airmarshal]

I thought dharna was the reason of all things bad. How does this kind of news come out?

 

[Gauss]

Thanks to the pressure on government by Imran Khan. Otherwise government sponsored cartels would have continued milking the pakistani people.

 

[Bouncer]

Thanks to the pressure on government by Imran Khan. Otherwise government sponsored cartels would have continued milking the pakistani people.

IK's protest and speeches motivated Saudis/OPEC to start international price war against Russians and shale gas producers in the US. Which in turn caused oil prices to drop and brought benefits to oil importing countries. Pakistan, India, China, Japan, Korea, Indonesia all have IK to thank for this. But again NS / PMLN will try to take credit for it. Cheap bas$%%%%.

 

[Kambojaric]

Good news! Maybe interests rate can be lowered now which should result in an increase in the gdp growth rate.

 

[Gauss]

IK's protest and speeches motivated Saudis/OPEC to start international price war against Russians and shale gas producers in the US. Which in turn caused oil prices to drop and brought benefits to oil importing countries. Pakistan, India, China, Japan, Korea, Indonesia all have IK to thank for this. But again NS / PMLN will try to take credit for it. Cheap bas$%%%%.

What an effing retard you are! I meant without IK government and cartels wouldve kept pocketing the larger profits that arose as a result of difference between international and domestic prices. This is what used to happen in the past as well. I remember once when i was a kid oil prices fell in international market but government raised the prices in Pakistan.
I can easily convey my message by using terms like "market power", but its useless in your case as i can sense that you dont understand economics.

 

[asquare]

Good news! Maybe interests rate can be lowered now which should result in an increase in the gdp growth rate.

Does the Pakistani Central Bank have a growth mandate to purely an inflation mandate? Does it target inflation, at what rate?

 

[Bouncer]

What an effing retard you are! I meant without IK government and cartels wouldve kept pocketing the larger profits that arose as a result of difference between international and domestic prices. This is what used to happen in the past as well. I remember once when i was a kid oil prices fell in international market but government raised the prices in Pakistan.
I can easily convey my message by using terms like "market power", but its useless in your case as i can sense that you dont understand economics.

Lol relax. What proof do you have that inflation is down because of IK?

And you are welcome to try and explain rise and fall of inflation rate, I am all ears. But just don't attribute everything to IK like Indians do with Modi. Oil prices dropped few months back also (Aug or Sep) and Modi supporters were all over the place that its a direct result of Modi's policies.

 

[Gauss]

Lol relax. What proof do you have that inflation is down because of IK?

And you are welcome to try and explain rise and fall of inflation rate, I am all ears. But just don't attribute everything to IK like Indians do with Modi. Oil prices dropped few months back also (Aug or Sep) and Modi supporters were all over the place that its a direct result of Modi's policies.

O dear! Why are you misunderstanding? Let me try to put it simply using points.

1. Imran Khan has got nothing to do with international oil prices.
2. Government of Pakistan is under no compulsion to lower the oil prices in Pakistan when international price falls.
3. Although its better for the country to have the same oil prices as in international market. But the government can make extra money by selling oil at a higher price in the country, than the international price.
4. When opposition (Imran Khan) puts pressure on the government, it becomes difficult for the government to use oil pricing for making extra money.

 

[Edevelop]

Inflation declines to 3.96% from 5.8%, lowest in 11yrs since Oct 2003

KARACHI: Government decision to cut POL prices in early November by Rs9.43/litre brought CPI inflation rate down at the 11 years low to 3.96% in the month from 5.82 percent in the previous month, Pakistan Bureau of Statistics (PBS) reported on Monday. It is the lowest rate since October 2003 due to a fall in prices of transport and fresh food.

According to the details, Consumer Price Index (CPI) inflation, general, decreased by 3.96 percent on year-on-year (YoY) basis in November 2014 as compared to 5.8 percent in the previous month and by 10.9 percent in November 2013. On month-on-month basis (MoM), it decreased by 0.5 percent in November 2014 as compared to increase of 0.2 percent in the previous month and 1.3 percent in November 2013.

As a result, the average CPI for the first five months (July-November) of Fiscal Year 2014-15 (FY15) slid to 6.45 percent as against the average CPI of 8.84 percent in the same period of FY14.

As a result of declining international oil prices and cut in petroleum prices by Pakistan’s government in November 2014, transport index declined by 6.87% MoM due to reduction in prices of Petrol and Diesel by Rs 10/liter and Rs 6/liter respectively during November 2014.

Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 6.9 percent on (YoY) basis in November 2014 as compared to 7.8 percent in the previous month and by 8.5 percent in November 2013. On (MoM) basis, it decreased by 0.5 percent in November 2014 as compared to increase of 0.7 percent in the previous month and by 0.3 percent in November 2013.

Core inflation, measured by 20 percent weighted trimmed mean CPI (Core Trimmed), increased by 5.3 percent on (YoY) basis in November 2014 as compared to 6.0 percent in the previous month and by 9.2 percent in November 2013. On (MoM) basis, it increased by 0.1 percent in November 2014 as compared to 0.4 percent in the previous month and 0.4 percent in November 2013.

Sensitive Price Index (SPI) inflation on YoY basis decreased by 0.3 percent in November 2014 as compared to increase of 4.1 percent a month earlier and 14.1 percent in November 2013. On MoM basis, it is decreased by 1.1 percent in November 2014 as compared to decrease of 0.03 percent a month earlier and increased by 3.2 percent in November 2013.


http://customstoday.com.pk/yoy-cpi-...96-from-5-8-lowest-in-11yrs-since-oct-2003-4/

 

[Bouncer]

• Imran Khan has got nothing to do with international oil prices.

• Government of Pakistan is under no compulsion to lower the oil prices in Pakistan when international price falls.

• Although its better for the country to have the same oil prices as in international market. But the government can make extra money by selling oil at a higher price in the country, than the international price.

• When opposition (Imran Khan) puts pressure on the government, it becomes difficult for the government to use oil pricing for making extra money.

You are right about point 1 and 2. But you are wrong about Government making extra money. IIRC, GoP did away with oil subsidies, so its up to importers/distributors/OGRA to decide the change in prices.

For point 4, remember we are talking about inflation here. Decrease in inflation is a result of falling oil prices. But decrease in prices of other things takes many other variables.So it is naive to credit IK/PTI with it.