The Impact of Oil Price Changes on Inflation in Pakistan

Afia Malik

International Journal of Energy Economics and Policy, 2016, vol. 6, issue 4, 727-737

Abstract: Oil prices have fluctuated enormously in recent years. Strong volatility in oil prices has serious implications for Pakistan s economy given its substantial dependence on imported fuels. Energy prices have a crucial role behind inflation rates in Pakistan and it is proved in this study. We estimate the effects of oil price changes on inflation for Pakistan using an augmented Phillips curve framework. Our results suggest a strong oil price-inflation relationship, especially when oil prices are rising continuously over the past 1 year.

Keywords: Oil Prices; Inflation; Pakistan (search for similar items in EconPapers)
JEL-codes: E31 Q43 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.econjournals.com/index.php/ijeep/article/download/2668/1989 (application/pdf)
http://www.econjournals.com/index.php/ijeep/article/view/2668/1989 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2016-04-09

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijeep

Access Statistics for this article

More articles in International Journal of Energy Economics and Policy from International Journal of Energy Economics and Policy
Bibliographic data for series maintained by Monica Sinhat ().