Pakistan inflation hits 14-year high at 25% in July

Pakistan inflation hits 14-year high at 25% in July

KARACHI: The headline inflation based on Consumer Price Index (CPI) in Pakistan has recorded 14-year high and surged by around 25 per cent in July 2022 on year on year (YoY) basis.

According to data released by Pakistan Bureau of Statistics (PBS) on Monday, the CPI inflation General, increased by 24.9 per cent on year-on-year basis in July 2022 as compared to an increase of 21.3 per cent in the previous month and 8.4 per cent in July 2021.

READ MORE: Pakistan’s sensitive price inflation surges by 37.67%

On month-on-month basis, it increased by 4.3 per cent in July 2022 as compared to an increase of 6.3 per cent in the previous month and an increase of 1.3 per cent in July 2021.

CPI inflation Urban, increased by 23.6 per cent on year-on-year basis in July 2022 as compared to an increase of 19.8 per cent in the previous month and 8.7 per cent in July 2021.

On month-on-month basis, it increased by 4.5 per cent in July 2022 as compared to an increase of 6.2 per cent in the previous month and an increase of 1.3 per cent in July 2021.

READ MORE: Pakistan’s headline inflation may up 24% in July 2022

CPI inflation Rural, increased by 26.9 per cent on year-on-year basis in July 2022 as compared to an increase of 23.6 per cent in the previous month and 8.0 per cent in July 2021.

On month-on-month basis, it increased by 4.2 per cent in July 2022 as compared to an increase of 6.6 per cent in the previous month and an increase of 1.4 per cent in July 2021.

Sensitive Price Indicator (SPS) based inflation on YoY increased by 28.2 per cent in July 2022 as compared to an increase of 21.7 per cent a month earlier and an increase of 16.2 per cent in July 2021.

READ MORE: Pakistan inflation crosses 33% on high petroleum prices

On MoM basis, it increased by 7.3 per cent in July 2022 as compared to increase of 6.2 per cent a month earlier and an increase of 1.8 per cent in July 2021.

The Wholesale Price Index (WPI) inflation on YoY basis increased by 38.5 per cent in July 2022 as compared to an increase of 38.9 per cent a month earlier and an increase of 17.3 per cent in July 2021.

WPI inflation on MoM basis increased by 2.0 per cent in July 2022 as compared to an increase of 8.2 per cent a month earlier and increase of 2.3 per cent in corresponding month i.e. July 2021.

READ MORE: Petroleum prices in Pakistan push inflation 13-year high

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