Pakistan’s headline inflation increases by 12.7% in March

Pakistan’s headline inflation increases by 12.7% in March

ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 12.7 per cent in March 2022 on year on year (YoY) basis as compared with an increase of 12.2 per cent in the previous month and 9.1 per cent in March 2021.

On month-on-month basis, it increased by 0.8 per cent in March 2022 as compared to increase of 1.2 per cent in the previous month and increase of 0.4 per cent in March 2021, according to data released by Pakistan Bureau of Statistics (PBS) on Friday.

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CPI inflation Urban, increased by 11.9 per cent on year-on-year basis in March 2022 as compared to an increase of 11.5 per cent in the previous month and 8.7 per cent in March 2021. On month-on-month basis, it increased by 0.7 per cent in March 2022 as compared to increase of 0.9 per cent in the previous month and increase of 0.3 per cent in March 2021.

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CPI inflation Rural, increased by 13.9 per cent on year-on-year basis in March 2022 as compared to an increase of 13.3 per cent in the previous month and 9.5 per cent in March 2021. On month-on-month basis, it increased by 1.0 per cent in March 2022 as compared to increase of 1.5 per cent in the previous month and increase of 0.5 per cent in March 2021.

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Sensitive Price Indicatory (SPI) inflation on YoY increased by 13.0 per cent in March 2022 as compared to an increase of 18.7 per cent a month earlier and an increase of 18.7 per cent in March 2021. On MoM basis, it increased by 0.6 per cent in March 2022 as compared to increase of 1.3 per cent a month earlier and increase of 5.7 per cent in March 2021.

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Wholesale Price Index (WPI) inflation on YoY basis increased by 23.8 per cent in March 2022 as compared to an increase of 23.6 per cent a month earlier and an increase of 14.6 per cent in March 2021. WPI inflation on MoM basis increased by 3.9 per cent in March 2022 as compared to increase of 1.9 per cent a month earlier and an increase of 3.7 per cent in corresponding month i.e. March 2021.

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