Inspired by the work done by two Thai economists, we ran some numbers for crude oil price changes and inflation in Pakistan. Here are some initial results
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Crude Oil and WPI for Fuel, lighting and lubricants |
19.29% share of WPI General |
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Crude Oil and CPI for Transport & Communication |
7.32% share of CPI General |
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Crude Oil and CPI for Fuel and Lighting |
7.29% share of CPI General |
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Crude Oil and CPI for Food & Beverages |
40.34% share of CPI General |
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Fuel & Lighting CPI, General CPI, Food & Beverage CPI, Transportation & Communication CPI & Crude Oil price changes
Figure 1 – Crude Oil, WPI and CPI changes