Headline inflation increases by 8.4% in July

Headline inflation increases by 8.4% in July

ISLAMABAD: Headline inflation based on Consumer Price Index (CPI) increased by 8.4 per cent on year-on-year basis in July 2021 as compared to an increase of 9.7 per cent in June 2021 month and 9.3 per cent in July 2020.

On month-on-month basis, it increased by 1.3 per cent in July 2021 as compared to a decrease of 0.2 per cent in the previous month and an increase of 2.5 per cent in July 2020, Pakistan Bureau of Statistics (PBS) said on Monday.

CPI inflation Urban, increased by 8.7 per cent on year-on-year basis in July 2021 as compared to an increase of 9.7 per cent in the previous month and 7.8 per cent in July 2020. On month-on-month basis, it increased by 1.29 per cent in July 2021 as compared to a decrease of 0.4 per cent in the previous month and an increase of 2.2 per cent in July 2020.

CPI inflation Rural, increased by 8.0 per cent on year-on-year basis in July 2021 as compared to an increase of 9.7 per cent in the previous month and 11.6 per cent in July 2020. On month-on-month basis, it increased by 1.4 per cent in July 2021 as compared to a decrease of 0.06 per cent in the previous month and an increase of 3.0 per cent in July 2020.

Sensitive Price Indicator (SPI) inflation on YoY increased by 16.2 per cent in July 2021 as compared to an increase of 17.6 per cent a month earlier and an increase of 13.7 per cent in July 2020. On MoM basis, it increased by 1.8 per cent in July 2021 as compared to a decrease of 0.4 per cent a month earlier and an increase of 3.0 per cent in July 2020.

Wholesale Price Indicator (WPI) inflation on YoY basis increased by 17.3 per cent in July 2021 as compared to an increase of 20.9 per cent a month earlier and an increase of 3.2 per cent in July 2020. WPI inflation on MoM basis increased by 2.3 per cent in July 2021 as compared to an increase of 0.9 per cent a month earlier and an increase of 5.4 per cent in corresponding month i.e. July 2020.

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