August inflation increases by 8.4%

August inflation increases by 8.4%

KARACHI: The Consumer Price Index (CPI) has increased by 8.4 per cent on year-on-year (YoY) basis in August 2021 as compared to an increase of 8.4 per cent in the previous month and 8.2 per cent in August 2020.

The Pakistan Bureau of Statistics (PBS) on Wednesday said that on month-on-month basis, it increased by 0.6 per cent in August 2021 as compared to increase of 1.3 per cent in the previous month and an increase of 0.6 per cent in August 2020.

CPI inflation Urban, increased by 8.3 per cent on year-on-year basis in August 2021 as compared to an increase of 8.7 per cent in the previous month and 7.1 per cent in August 2020. On month-on-month basis, it increased by 0.5 per cent in August 2021 as compared to increase of 1.29 per cent in the previous month and an increase of 0.8 per cent in August 2020.

CPI inflation Rural, increased by 8.4 per cent on year-on-year basis in August 2021 as compared to an increase of 8.0 per cent in the previous month and 9.9 per cent in August 2020. On month-on-month basis, it increased by 0.7 per cent in August 2021 as compared to increase of 1.4 per cent in the previous month and an increase of 0.4 per cent in August 2020.

Senstive Price Indicator (SPI) inflation on YoY increased by 15.9 per cent in August 2021 as compared to an increase of 16.2 per cent a month earlier and an increase of 11.7 per cent in August 2020.

On MoM basis, it increased by 0.7 per cent in August 2021 as compared to increase of 1.8 per cent a month earlier and an increase of 0.9 per cent in August 2020.

Wholesale Price Index (WPI) inflation on YoY basis increased by 17.1 per cent in August 2021 as compared to an increase of 17.3 per cent a month earlier and an increase of 3.3 per cent in August 2020. WPI inflation on MoM basis increased by 1.2 per cent in August 2021 as compared to an increase of 2.3 per cent a month earlier and an increase of 1.3 per cent in corresponding month i.e. August 2020.

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