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CPI inflation up shows 24.9% increase in July

ISLAMABAD: The Consumer Price Index (CPI) increased by 24.9% on year-on-year (YoY) basis in July 2022 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Monday.

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

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

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

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

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

Meanwhile, the Sensitive Price Index (SPI) based inflation on YoY increased by 28.2% in July 2022 as compared to an increase of 21.7% a month earlier and an increase of 16.2% in July 2021.

On MoM basis, it increased by 7.3% in July 2022 as compared to increase of 6.2% a month earlier and an increase of 1.8% in July2021.

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

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

On year-on-year basis the food commodities that witnessed increase included pulse masoor (92.43%), onions (89.48%), mustard oil (81.95%), vegetable ghee (74.08%), cooking oil (72.56%), gram whole (67.48%), chicken (59.09%), wheat (45.02%), pulse gram (43.24%), vegetables (40.47%), fruits (39.23%), besan (gram flour) (37.52%), pulse mash (35.68%), rice (31.22%), meat (25.97%), milk (24.75%), eggs (23.74%), tea (23.12%) and beans (22.50%).

The food commodities that witnessed decrease in prices included condiment and spices (21%), sugar (14.5%), and pulse moong (5.55%).

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.