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Free Press Release

Feb inflation up 13.04pc yr/yr

Thursday, 11 Mar, 2010 12:43 pm

ISLAMABAD : Pakistan's consumer price index (CPI), a key indicator of inflation, rose 13.04 percent in February from a year ago, the Federal Bureau of Statistics said on Thursday which was lower than analysts expectations.

A Reuters poll of 10 analysts on Monday had forecast February's CPI would rise by 13.20 percent.

The CPI was up 0.39 percent over January.

"Even though inflation is rising at a slower pace, the State Bank of Pakistan is likely to keep its policy unchanged until inflation comes down even further," said Khalid Iqbal, director at brokers Invest and Finance Securities.

The State Bank of Pakistan said on Tuesday it would announce monetary policy for April and May on March 27.

The bank kept its key policy rate unchanged at 12.5 percent in January when it unveiled monetary policy for February and March to keep inflation in check.

Using 2000/01 as the base year, the CPI index stood at 216.93 in February against 216.09 in January.

Feb Jan

Consumer price index 216.93 216.09

Year-on-year change (pct) 13.04 13.68

Month-on-month change (pct) 0.39 2.42

Using 2000/01 as the base year, the WPI index stood at 231.64 against 230.80 in January.

Feb Jan

Wholesale price index 231.64 230.80

Year-on-year change (pct) 19.29 19.64

Copyright Reuters, 2010

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