A Measure of Inflation in Pakistan

S. U. Khan

Abstract


Although a number of series on wholesale and retail prices are
being published by the Central Statistical Office and other
organizations, there is no general price index to measure annual price
changes in the country. The price indices (composed of more than one
commodity) presently available in Pakistan are cost of living indices of
limited coverage. This mono¬graph presents an annual wholesale price
index for the purpose of measuring the extent of inflationary pressure
in Pakistan. The index is computed for the East and West wings
separately and for the whole of Pakistan. It dates from 1951-52 through
1959-60 (July-June), with 1951-52 as the base year. Owing to lack of
data, it was not possible to carry the index back to Partition, while
the need for accuracy precluded the construction of the index on a
quarterly or monthly basis. The choice of 1951-52 as the base year is
inevitable if the special conditions of the Korean Boom, its aftermath
and the Plan period are to be avoided. Moreover, 1951-52 was a year of
fewer controls, and prices in that year did not differ much from the
preceding two years.

Full Text:

PDF


DOI: https://doi.org/10.30541/v1i1pp.76-79

Refbacks

  • There are currently no refbacks.