Inflation hits 11-year low in December

[SBD-3]

Prices cannot be compared that way. The norwegian burger was quality stuff. Prepared in a strictly controlled/checked/inspected environment.

And then pakistani burger made out of recycled diarrhoea, that's how it costs so less

Kabhi kisi achi jaga khana khaya nahi ya woh andar ghusnay nahi detay

 

[Hyde]

Prices cannot be compared that way. The norwegian burger was quality stuff. Prepared in a strictly controlled/checked/inspected environment.

And then pakistani burger made out of recycled diarrhoea, that's how it costs so less.

First of all he talked purely on price-by-price basis... so there is not point of going into technicalities of quality control this n that......... and secondly I mentioned figures of average restaurants of both countries where quality control hardly matters, it is pure business..

I do understand better quality control in Norway but it should not be considered in this discussion... The reason why the prices are high in Norway is because the bun, ketchup, salad and the burger a typical restaurants buy from market costs more in Norway as compared to Pakistan. So it is obviously going to sell at a greater rate... Lets ignore the food items for example

A car in Pakistan costing 15000 dollars would cost 25000 dollars in Norway... Try to talk about Quality control of both cars? ---- It is just the additional taxes imposed in Norway... that makes keeping the car more expensive as compared to Pakistan... A cycle in Pakistan costing 5000 rupees would cost about 15000+ rupees in Norway.

So how is Pakistan's prices compared to Norway?

Also, slowing inflation means a slowing demand growth, which means slowing economy.

Of course.. But slow inflation also means sigh of relief for poor... low Inflation makes gdp growth slower but that can be compensated with higher productivity

 

[Jazzbot]

At least @Leader disappeared once the PTI lifafas stopped coming. @Norwegian, on the other hand, is still on his usual rampage.

Don't worry about @Leader his legacy @Horus
@Khwaja07 @Jazzbot @Jzaib remains present.

Lifafa people of Lifafa party can't think beyond Lifafas. Which again is clearly evident from two above Lifafa jokers.

 

[Jzaib]

Alcohlic prices Re still high liftban on foreign wines "

we should have included in dharna demands but sadly UAE wala sheik saab humarey dharnay ko deekhtay he nhie

 

[Imran Khan]

we should have included in dharna demands but sadly UAE wala sheik saab humarey dharnay ko deekhtay he nhie

Ohhhhhhh realy sir then i m with dharna

 

[Jzaib]

Ohhhhhhh realy sir then i m with dharna

such leyain ap ne tun ho k phir bhool jana ha gareeb awaam ko

Lifafa people of Lifafa party can't think beyond Lifafas. Which again is clearly evident from two above Lifafa jokers.

yeah lifafaf cant match janoon

 

[Imran Khan]

such leyain ap ne tun ho k phir bhool jana ha gareeb awaam ko


yeah lifafaf cant match janoon

Phly sasti sharab mily gee tab na

 

[SBD-3]

Lifafa people of Lifafa party can't think beyond Lifafas. Which again is clearly evident from two above Lifafa jokers.

Dimaghi hospital in Islamabad away e away

Aaj kaal inqilabiyon aur ibqilabi channels ka bura time chal raha hay. Package par package chala rahay hain

 

[Jazzbot]

Dimaghi hospital in Islamabad away e away

Aaj kaal inqilabiyon aur ibqilabi channels ka bura time chal raha hay. Package par package chala rahay hain

I'm in no mood of indulging in a silly argument with a senseless troll. Go find someone else please.

 

[SBD-3]

Facebook aur Twitter par bhee inflation kaam ki jai warna mulk bhar main disco jalsay karain gay: PTI's national bird aka Mr.Sheerin Mazari

 

[xyxmt]

PMLN govt just increased GST on oil to 22 %. It robbed the nation for 5 billion RS worth of relief that globally fuel prices gave us in the first place. PMLN and their Gullus like @cb4 are the laughing stock of Pakistan!

but I am sure you would want govt to increase investment in health and education, wouldn't you? please tell me
should I suggest some readings during the free time on your IT security job?

 

[Echo_419]

ISLAMABAD: Inflation continued its tame run in December 2014, rising by only 4.3%, the lowest level in over 11 years, largely on the back of tumbling global oil prices.

The rate of increase in prices, as measured by the Consumer Price Index (CPI), clocked in at 4.3% in December compared to the same month in the previous year, the lowest level since February 2004, when the CPI rose by 4.31% on an annualised basis. Core inflation, a measure that excludes the more volatile food and energy prices, also came in at a relatively low level of 6.7% compared to 6.9% in November 2014 and 8.2% in December 2013.

Some commentators have questioned the Pakistan Bureau of Statistics’ (PBS) methodology in calculating the CPI. They argue that excluding the surcharges and other components of the electricity tariffs from the electricity prices used in the index will result in a lower measurement of inflation than the reality. However, the concurrent fall in core inflation suggests that the pace is truly slowing down.

The CPI captures prices of 481 commodities every month from at least 300 markets in 40 cities around the country. However, like in October when the government increased electricity prices by 2.5% through an equalisation surcharge, the national data collecting agency once again did not factor in 5.4% increase in power tariffs through the surcharge.

Last month, the government imposed a Rs0.60-per-unit surcharge on electricity prices to keep prices level even as the fuel component of prices declined. Like many governments around the world, Islamabad is seeking to use the opportunity afforded by falling oil prices to lower the fiscal burden of electricity subsidies by keeping prices level and pocketing the difference in the form of lower subsidies.

Electricity prices in most countries, including Pakistan, have a fuel price component that varies with the average cost of fuel used to make electricity. Given the fact that roughly a third of electricity in Pakistan is produced through oil-fired thermal power generation, the global drop in oil prices meant that the average fuel price component of the tariffs set by the National Electric Power Regulatory Authority (NEPRA) have been declining. However, the government has used surcharges to keep prices the same price so as to lower its subsidy burden.

Furnace oil prices have plunged 45% in the last three months, currently standing at Rs43,015 per ton, said Prime Minister Nawaz Sharif on Wednesday.

“The PBS did not take the Rs0.60 per unit power surcharge into account. Despite the surcharge, consumer prices [of electricity] would remain constant,” said Shaukat Zaman, the Director of Prices at PBS.

In December potatoes prices saw dropped 38.6% over November, breaking a long cycle of high prices of the commodity. The government’s decision to import 200,000 tons potatoes and arrival of fresh crop helped in lowering prices.

Average inflation during first half of the current fiscal year (July-December) was 6.1% compared to the same period of the previous year, according to the PBS. For fiscal 2015, the government had set the inflation target at 8%, which it is expected to achieve on back of reduction in commodities prices.

With the fall in both core inflation and the overall headline inflation, the expectations of further cut in the key discount rate have grown, although the International Monetary Fund (IMF) has been advocating a continued tight monetary policy as a tool to build foreign currency reserves. The benchmark discount rate is currently at 9.5%, though market analysts expect as much as a 100 basis point cut in the next monetary policy announcement later this month.

Falling commodity prices: Inflation hits 11-year low in December – The Express Tribune

Good news for our Pakistani friends but the key challenge will be to sustain this trend

Hahaha. When did sole potato prices became the overall indicator for countrywide inflation? What about other daily consumables such as tomatoes, wheat, milk, meat, eggs etc. Are they down as well? Don't think so.


PMLN govt just increased GST on oil to 22 %. It robbed the nation for 5 billion RS worth of relief that globally fuel prices gave us in the first place. PMLN and their Gullus like @cb4 are the laughing stock of Pakistan!


Seriously? I compared handful of dairy products here with prices we pay in an expensive and developed country like Norway. I swear to God I found no difference. In some goods and products, prices actually increased in Pakistan than Norway

The govt here has also done the same thing,this money can be better utilised on building of other necessary infra.For eg Govt of India has announced that it will fund construction of 15,000 KMs of highways by raising the exile duty on oil by 2%

 

[Faiez]

Kabhi kisi achi jaga khana khaya nahi ya woh andar ghusnay nahi detay

Go talk to someone in punjab food authority...They'll tell you what "achi jaga"'s food actually is...

First of all he talked purely on price-by-price basis... so there is not point of going into technicalities of quality control this n that......... and secondly I mentioned figures of average restaurants of both countries where quality control hardly matters, it is pure business..

I do understand better quality control in Norway but it should not be considered in this discussion... The reason why the prices are high in Norway is because the bun, ketchup, salad and the burger a typical restaurants buy from market costs more in Norway as compared to Pakistan. So it is obviously going to sell at a greater rate... Lets ignore the food items for example

A car in Pakistan costing 15000 dollars would cost 25000 dollars in Norway... Try to talk about Quality control of both cars? ---- It is just the additional taxes imposed in Norway... that makes keeping the car more expensive as compared to Pakistan... A cycle in Pakistan costing 5000 rupees would cost about 15000+ rupees in Norway.

So how is Pakistan's prices compared to Norway?


Of course.. But slow inflation also means sigh of relief for poor... low Inflation makes gdp growth slower but that can be compensated with higher productivity

That is the problem with comparing prices buddy....
And the norwegian burger's ingredients cost more again due to better quality controls. Implement those standards in pakistan, and you shall see huge price gains.

Anyways, comparing prices is not really possible like this. Prices relative to income is a better measure. Purchasing power indices and HDI etc are better compares. Does anyone have any such data? Someone should post such stuff, I'm tired of watching same old "flana commodity export rise blah blah", "inflation this much blah blah", "gdp blah blah", "kse100 blah blah"...

 

[Hyde]

Go talk to someone in punjab food authority...They'll tell you what "achi jaga"'s food actually is...



That is the problem with comparing prices buddy....
And the norwegian burger's ingredients cost more again due to better quality controls. Implement those standards in pakistan, and you shall see huge price gains.

Anyways, comparing prices is not really possible like this. Prices relative to income is a better measure. Purchasing power indices and HDI etc are better compares. Does anyone have any such data? Someone should post such stuff, I'm tired of watching same old "flana commodity export rise blah blah", "inflation this much blah blah", "gdp blah blah", "kse100 blah blah"...

Sir you are comparing black and white... There was no point in dragging this whole discussion... In my reply to brother Norwegian, I wasn't going into economic calculations but mere fact that the prices in Pakistan are not as expensive as Norway.

If something is being sold for 20 rupees, it is usually charged between 80-200 rupees in Norway Simple as that... Neither Norwegian nor myself talked about technical aspects of quality control... When you do go into technical details you already know that the average income in Norway is about 50 times more than Pakistan. So it remains affordable for Norwegian people as compared to Pakistan...

 

[Fracker]

Hahaha. When did sole potato prices became the overall indicator for countrywide inflation? What about other daily consumables such as tomatoes, wheat, milk, meat, eggs etc. Are they down as well? Don't think so.

You actually need to know basic definition of inflation, it's not the price but "Price Growth/Fall"