Attachments
HIGHLIGHTS
• Headline inflation based on the Consumer Price Index (CPI) increased in October 2022 by 4.71% over September 2022 and increased by 26.56% over October 2021. CPI food inflation in October 2022 increased by 36.24% over October 2021.
• In October 2022, prices increased for staple cereals including wheat flour (+7.4%), wheat (+3.8%), rice Irri-6 (+7.0%) and rice Basmati (+1.6%) compared to September 2022.
• Among non-cereal food commodities, price increased for pulse Moong (+2.4%) from the previous month.
On the other hand, prices decreased for pulse Masoor (-12.0%), live chicken (-3.4%), cooking oil (-2.4%), pulse Mash (-2.1%), vegetable ghee (-1.7%) and pulse Gram (-1.1%) from September 2022.
• A comparison of pre-flood (June) and post-flood (October) prices of some food commodities indicated huge increase in prices; for instance, tomatoes increased by up to 199%, onions 79%, pulse moong 48%, potatoes 43% and wheat flour 38%.
• Average Terms of Trade (ToT) for October 2022, measuring the amount of wheat flour that can be purchased with one-day of casual unskilled labour wage, worsened by 6.5% from the previous month. It was recorded at 12.5 kg of wheat flour compared to 13.4 kg the previous month.
• The retail prices of automotive fuels in comparison to September 2022 decreased during October 2022 i.e.,
Super Petrol (-4.7%) and High-Speed Diesel (-4.9%).