Pakistan’s inflation climbs up 24-month high in January

Pakistan’s inflation climbs up 24-month high in January

ISLAMABAD: The inflation based on Consumer Price Index (CPI) in Pakistan recorded at 13 per cent or 24-month high in January 2022.

Pakistan Bureau of Statistics (PBS) said on Tuesday, the CPI inflation general increased by 13 per cent on year-on-year basis in January 2022 as compared to an increase of 12.3 per cent in the previous month and 5.7 per cent in January 2021.

READ MORE: January headline inflation may clock near 13%

On month-on-month basis, it increased by 0.4 per cent in January 2022 as compared to decrease of -0.02 per cent in the previous month and a decrease of -0.2 per cent in January 2021.

The PBS said that the CPI inflation Urban, increased by 13 per cent on year-on-year basis in January 2022 as compared to an increase of 12.7 per cent in the previous month and 5.0 per cent in January 2021. On month-on-month basis, it increased by 0.1 per cent in January 2022 as compared to increase of 0.3 per cent in the previous month and a decrease of -0.2 per cent in January 2021.

READ MORE: Mini-budget likely to push up inflation: SBP

CPI inflation Rural, increased by 12.9 per cent on year-on-year basis in January 2022 as compared to an increase of 11.6 per cent in the previous month and 6.6 per cent in January 2021. On month-on-month basis, it increased by 0.9 per cent in January 2022 as compared to decrease of -0.5 per cent in the previous month and a decrease of -0.3 per cent in January 2021.

READ MORE: Headline inflation rises by 12.3% in December 2021

The inflation based on Sensitive Price Indicator (SPI) on YoY increased by 20.9 per cent in January 2022 as compared to an increase of 20.9 per cent a month earlier and an increase of 7.7 per cent in January 2021. On MoM basis, it decreased by -0.8 per cent in January 2022 as compared to decrease of -0.4 per cent a month earlier and a decrease of -0.8 per cent in January 2021.

The Wholesale Price Index (WPI) inflation on YoY basis increased by 24.0 per cent in January 2022 as compared to an increase of 26.2 per cent a month earlier and an increase of 6.4 per cent in January 2021. WPI inflation on MoM basis increased by 0.6 per cent in January 2022 as compared to a decrease of -0.2 per cent a month earlier and an increase of 2.5 per cent in corresponding month i.e. January 2021.

READ MORE: Headline inflation surges by 11.5% in November 2021

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