Pakistan annual inflation rate rises to 14.56% in January

  • Pakistan annual inflation rate rises to 14.56% in January

Pakistan annual inflation rate rises to 14.56% in January

Inflation in Indonesia slowed again in January to a nine-month low on the back of stabilizing transportation costs and a slight decline in the prices of telecommunication and financial services, the Central Statistics Agency, or BPS, said on Monday.

The inflation figure was calculated using the bureau's new formula, which changes the base year of the Consumer Price Index (CPI) to 2018 from 2012 and includes new pattern of consumption. It noted that prices of essential commodities such as palm oil had increased by 43.9 percent, soybean oil by 12.8 percent, crude oil by 16.6 percent in December 2019, which had also pushed up domestic prices.

Last time, the highest inflation in the country was recorded at 17 per cent in the year 2007-08.

Prices of food and beverages up by 23.6pc this January. Similarly, the buying price of LPG cylinders in outlying places has additionally achieved the best amount since 2013.

Food inflation in urban areas rose by 19.5 per cent in January on a yearly basis and 2.7 per cent on a monthly basis whereas it increased by 23.8 per cent and 3.4 per cent, respectively, in rural areas.

With the arrival of crops, especially vegetables, in Punjab, it is predicted that food prices will come down. PBS features stated that into the final 12 months tomatoes in the united states are becoming costlier by 158 %, onion 125 percent, more vegetables 93 %, potatoes 87 %, sugar 86 % and flour 24 percent.

Economists say Bank Indonesia's monetary policy will remain accommodative this year to boost economic growth.