Monthly inflation decreases by 0.30 % in August


ISLAMABAD, Sep 1 (APP): The Consumer Price Index (CPI) based on monthly inflation during the month of August, 2016 registered decrease of 0.34 percent as compared to the previous month (July).

The inflation rate during the month of August, 2016
increased by 3.56 percent as compared to the corresponding month of last year, said Director Pakistan Bureau of Statistics, Atiq ur Rahman here on Thursday.

Briefing the newsmen, he said that average inflation during
the period from July to August, 2016 17 over July August 2015 16 was recorded at 3.84 percent.

He informed that Pakistan Bureau of Statistics collects the
retail and whole sale price and computes the consumers price index (CPI), Whole sale price index (WPI) on monthly basis and Sensitive Price Indicator (SPI) on weekly basis.

In August, 2016, the CPI decreased by 0.30 percent and WPI
decreased by 0.03 percent, where as SPI increased by 0.23 percent respectively, he added.

He said that during the month of August, 2016 over the month of August 2015, the trimmed core inflation has been observed at 3.5 percent, while it was 2.8 percent during August, 2015 over August, 2014.

During the month of August, 2016, over August, 2015, non food and non energy core inflation has been observed as 4.6 percent, while it was 4.0 percent during August, 2015 over August, 2014, he added.

The top few commodities which witnessed increased in their
prices during last month including, syrup, sweet malon, entox tablets, garlic, tinda, eggs, car honda civic, sugar, septran tablets, cucumbers, pumpkin, potatoes, silver tezabi, suitcase rexin, pulse gram, gur, fountain pen, gold tezabi and car suzuki.

The items which recorded negative growth in their prices
including apple, arvi, bottle gourd, bananas, grapes, brinjal, chicken, turai tomatoes, onions, lady finger, mango and lemon.

He said the main cause of the increase in inflation rate
during the month was sharp increase of perishable food items.

Replaying to a question, he said that PBS has finalized its
arrangements to hold census and Council of Common Interest had decided that Pakistan Army would provide assistance during the process.

He said that currently armed forces were engaged in Operation Zarb e Azab against terrorist for eliminating the menace of terrorism from the country.

He further said that the census campaign could be carried out by March next year subject to the availability of armed personnel.