CPI inflation increases to 26.6 percent in October

CPI inflation increases to 26.6 percent in October

Business

CPI inflation increases to 26.6 percent in October

ISLAMABAD (Dunya News) –The Consumer Price Index (CPI) increased to 26.6% on year-on-year (YoY) basis in October 2022 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Thursday.

On month-on-month basis, it increased to 4.7% in October 2022 as compared to a decrease of 1.2% in the previous month (September) and an increase of 1.9% in October 2021.

The food commodities that witnessed increase in prices on YoY basis included tomatoes (219.34%), onions (165.66%), gram whole (69.80%), pulse gram (65.08%), besan (62.25%), mustard oil (61.14%), pulse masoor (61.07%), fresh vegetables (58.87%), cooking oil (58.06%), pulse mash (55.33%), vegetable ghee (52.5%), pulse moong (49.84%), wheat (45.77%), tea (41.89%), rice (40.76%), wheat flour (37.38%), milk fresh (29.61%), meat (25.34%), potatoes (20.65%), fish (15.4%), chicken (12.22%) and gur (0.39%).

The food commodities that witnessed decrease in prices included sugar (11.84%) and condiments & spices (10.97%).

The non-food commodities that witnessed increase on YoY basis included motor fuel (64.81%), stationery (44.5%), washing soap/detergents/match box (41.49%), transport services (41.27%), motor vehicles (34.29%), construction input items (32.03%), motor vehicle accessories (31.31%), electricity charges (24.95%), cotton cloth (24.16%), household equipment (21.4%), solid fuel (20.88%) and construction wage rates (12.72%).

CPI inflation Urban, increased to 24.6% on year-on-year basis in Oct 2022 as compared to an increase of 21.2% in the previous month and 9.6% in Oct 2021. On month-on-month basis, it increased to 4.5% in Oct 2022 as compared to a decrease of 2.1% in the previous month and an increase of 1.7% in Oct 2021.

CPI inflation Rural, increased to 29.5% on year-on-year basis in Oct 2022 as compared to an increase of 26.1% in the previous month and 8.7% in Oct 2021. On month-on-month basis, it increased to 5.0% in Oct 2022 as compared to an increase of 0.2% in the previous month and an increase of 2.2% in Oct 2021.

SPI inflation on YoY increased to 24.0% in Oct 2022 as compared to an increase of 28.6% a month earlier and an increase of 15.3% in Oct 2021. On MoM basis, it decreased by 1.5% in Oct 2022 as compared to a decrease of 1.4% a month earlier and an increase of 2.1% in Oct 2021.

WPI inflation on YoY basis increased to 32.6% in Oct 2022 as compared to an increase of 38.9% a month earlier and an increase of 21.2% in Oct 2021. On MoM basis, it decreased by 0.5% in Oct 2022 as compared to an increase of 1.4% a month earlier and an increase of 4.2% in corresponding month i.e. Oct 2021.

The Core inflation (NFNE), measured by non-food non-energy Urban increased to 14.9% on (YoY) basis in Oct 2022 as compared to an increase of 14.4% in the previous month and 6.7% in Oct, 2021. On (MoM) basis, it increased by 1.3% in Oct, 2022 as compared to an increase of 0.9% in previous month, and an increase of 0.9% in corresponding month of last year i.e. Oct, 2021.

The Core inflation (NFNE), measured by non-food non-energy Rural increased to 18.2% on (YoY) basis in Oct, 2022 as compared to an increase of 17.6% in the previous month and 6.7% in Oct, 2021. On (MoM) basis, it increased by 1.5% in Oct, 2022 as compared to an increase of 1.4% in previous month, and an increase of 1.0% in corresponding month of last year i.e. Oct, 2021.

Core inflation (Trimmed), measured by 20% weighted trimmed mean Urban increased to 22.0% on (YoY) basis in Oct, 2022 as compared to 19.5% in the previous month and 8.7% in Oct, 2021. On (MoM) basis, it increased by 1.9% in Oct, 2022 as compared to an increase of 1.6% in the previous month and an increase of 1.1% in corresponding month of last year i.e. Oct, 2021.

Core inflation (Trimmed), measured by 20% weighted trimmed mean Rural increased to 26.7% on (YoY) basis in Oct, 2022 as compared to 24.4% in the previous month and by 8.2% in Oct, 2021. On (MoM) basis, it increased to 2.7% in Oct, 2022 as compared to an increase of 2.5% in the previous month and an increase of 1.6% in corresponding month of last year i.e. Oct, 2021.