Headline inflation increases by 8.2pc in August

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.2 percent on Year on Year (YoY) basis in August 2020 as compared to an increase in 9.3 percent in the previous month, Pakistan Bureau of Statistics (PBS) said on Tuesday.

The inflation was also lower than 10.5 percent recorded in August 2019.

On month-on-month (MoM) basis, it increased by 0.6 percent in August 2020 as compared to an increase of 2.5 percent in the previous month and an increase of 1.6 percent in August 2019.

CPI inflation Urban, increased by 7.1 percent on year-on-year basis in August 2020 as compared to an increase of 7.8 percent in the previous month and 10.6 percent in August 2019.

On month-on-month basis, it increased by 0.8 percent in August 2020 as compared to an increase of 2.2 percent in the previous month and an increase of 1.5 percent in August 2019.

CPI inflation Rural, increased by 9.9 percent on year-on-year basis in August 2020 as compared to an increase of 11.6 percent in the previous month and 10.3 percent in August 2019. On month-on-month basis, it increased by 0.4  percent in August 2020 as compared to an increase of 3.0 percent in the previous month and an increase of 1.9 percent in August 2019.

The inflation based on Sensitive Price Indicator (SPI) on YoY increased by 11.7 percent in August 2020 as compared to an increase of 13.7 percent a month earlier and an increase of 12.1 percent in August 2019. On MoM basis, it increased by 0.9 percent in August 2020 as compared to an increase of 3.0 percent a month earlier and an increase of 2.7 percent in August 2019.

Wholesale Price Index (WPI) inflation on YoY basis increased by 3.3 percent in August 2020 as compared to an increase of 3.2 percent a month earlier and an increase of 14.1 percent in August 2019.

WPI inflation on MoM basis increased by 1.3 percent in August 2020 as compared to a decrease of 5.4 percent a month earlier and an increase of 1.2 percent in corresponding month of last year i.e. August 2019.

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