Pakistan headline inflation increases by 27.6pc in January 2023

Pakistan headline inflation increases by 27.6pc in January 2023

ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 27.6 per cent in January 2023, said Pakistan Bureau of Statistics (PBS) on Wednesday.

It said CPI inflation general increased to 27.6 per cent on year-on-year (YoY) basis in January 2023 as compared to an increase of 24.5 per cent in the previous month and 13.0 per cent in January 2022.

On month-on-month (MoM) basis, it increased to 2.9 per cent in January 2023 as compared to an increase of 0.5 per cent in the previous month and an increase of 0.4 per cent in January 2022.

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CPI inflation Urban, increased to 24.4 per cent on year-on-year basis in January 2023 as compared to an increase of 21.6 per cent in the previous month and 13.0 per cent in January 2022. On month-on-month basis, it increased to 2.4 per cent in January 2023 as compared to an increase of 0.3 per cent in the previous month and an increase of 0.1 per cent in January 2022.

CPI inflation Rural, increased to 32.3 per cent on year-on-year basis in January 2023 as compared to an increase of 28.8 per cent in the previous month and 12.9 per cent in January 2022. On month-on-month basis, it increased to 3.6 per cent in January 2023 as compared to an increase of 0.7 per cent in the previous month and an increase of 0.9 per cent in January 2022.

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Sensitive Price Indicator (SPI) inflation on YoY increased to 30.5 per cent in January 2023 as compared to an increase of 27.8 per cent a month earlier and 20.9 per cent in January 2022. On MoM basis, it increased by 1.3 per cent in January 2023 as compared to an increase of 0.2 per cent a month earlier and a decrease of 0.8 per cent in January 2022.

Wholesale Price Index (WPI) inflation on YoY basis increased to 28.5 per cent in January 2023 as compared to an increase of 27.1 per cent a month earlier and an increase of 24.0 per cent in January 2022.

On MoM basis, it increased by 1.8 per cent in January 2023 as compared to a decrease of 0.7 a month earlier and an increase of 0.6 per cent in corresponding month of last year i.e. January 2022.

Measured by non-food non-energy Urban increased to 15.4 per cent on (YoY) basis in January 2023 as compared to an increase of 14.7 per cent in the previous month and 8.2 per cent in January 2022.

On (MoM) basis, it increased by 1.4 per cent in January 2023 as compared to an increase of 1.2 per cent in previous month, and an increase of 0.8 per cent in corresponding month of last year i.e. Jan, 2022.

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Measured by non-food non-energy Rural increased to 19.4 per cent on (YoY) basis in January 2023 as compared to an increase of 19.0 per cent in the previous month and 9.0 per cent in January 2022. On (MoM) basis, it remained same i.e. 1.5 per cent in January 2023 as compared to previous month, and an increase of 1.2 per cent in corresponding month of last year i.e. January 2022.

Measured by 20 per cent weighted trimmed mean Urban increased to 20.9 per cent on (YoY) basis in January 2023 as compared to 19.4 per cent in the previous month and 10.6 per cent in January 2022. On (MoM) basis, it increased by 1.5 per cent in January 2023 as compared to an increase of 0.8 per cent in the previous month and an increase of 0.5 per cent in corresponding month of last year i.e. January 2022.

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Measured by 20 per cent weighted trimmed mean Rural increased to 27.8 per cent on (YoY) basis in January 2023 as compared to 26.4 per cent in the previous month and by 10.9 per cent in January 2022. On (MoM) basis, it increased to 2.1 per cent in January 2023 as compared to an increase of 1.5 per cent in the previous month and an increase of 1.1 per cent in corresponding month of last year i.e. January 2022.