ISLAMABAD: Pakistan’s headline inflation has hit record high of 35.4 per cent in March 2023, according to official data released on Saturday.
The consumer price index (CPI) based inflation general, increased to 35.4 per cent on year-on-year basis in March 2023 as compared to an increase of 31.5 per cent in the previous month and 12.7 per cent in March 2022. On month-on-month basis, it increased to 3.7 per cent in March 2023 as compared to an increase of 4.3 per cent in the previous month and an increase of 0.8 per cent in March 2022.
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2CPI inflation Urban, increased to 33.0 per cent on year-on-year basis in March 2023 as compared to an increase of 28.8 per cent in the previous month and 11.9 per cent in March 2022. On month-on-month basis, it increased to 3.9 per cent in March 2023 as compared to an increase of 4.5 per cent in the previous month and an increase of 0.7 per cent in March 2022.
CPI inflation Rural, increased to 38.9 per cent on year-on-year basis in March 2023 as compared to an increase of 35.6 per cent in the previous month and 13.9 per cent in March 2022. On month-on-month basis, it increased to 3.5 per cent in March 2023 as compared to an increase of 4.0 per cent in the previous month and an increase of 1.0 per cent in March 2022.
Sensitive Price Indicator (SPI) inflation on YoY increased to 40.4 per cent in March 2023 as compared to an increase of 33.6 per cent a month earlier and 13.0 per cent in March 2022. On MoM basis, it increased by 5.8 per cent in March 2023 as compared to an increase of 3.7 per cent a month earlier and an increase of 0.6 per cent in March 2022.
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Wholesale Price Index (WPI) inflation on YoY basis increased to 37.5 per cent in Feb 2023 as compared to an increase of 36.4 per cent a month earlier and an increase of 23.8 per cent in March 2022. On MoM basis, it increased by 4.7 per cent in March 2023 as compared to an increase of 8.2 per cent a month earlier and an increase of 3.9 per cent in corresponding month of last year i.e. March 2022.
Measured by non-food non-energy Urban increased to 18.6 per cent on (YoY) basis in March 2023 as compared to an increase of 17.1 per cent in the previous month and 8.9 per cent in March 2022. On (MoM) basis, it increased by 2.5 per cent in March 2023 as compared to an increase of 2.2 per cent in previous month, and an increase of 1.2 per cent in corresponding month of last year i.e. March, 2022.
Measured by non-food non-energy Rural increased to 23.1 per cent on (YoY) basis in March 2023 as compared to an increase of 21.5 per cent in the previous month and 10.3 per cent in March 2022. On (MoM) basis, it increased by 2.4 per cent in March 2023 as compared to an increase of 2.6 per cent in previous month, and an increase of 1.1 per cent in corresponding month of last year i.e. March 2022.
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Measured by 20 per cent weighted trimmed mean Urban increased to 28.7 per cent on (YoY) basis in March 2023 as compared to 25.1 per cent in the previous month and 10.5 per cent in March 2022. On (MoM) basis, it increased by 2.7 per cent in March 2023 as compared to an increase of 2.9 per cent in the previous month and an increase of 0.8 per cent in corresponding month of last year i.e. March 2022.
Measured by 20 per cent weighted trimmed mean Rural increased to 35.0 per cent on (YoY) basis in March 2023 as compared to 31.6 per cent in the previous month and 11.7 per cent in March 2022. On (MoM) basis, it increased to 2.9 per cent in March 2023 as compared to an increase of 3.9 per cent in the previous month and an increase of 0.8 per cent in corresponding month of last year i.e. March 2022.
