ISLAMABAD: The general Consumer Price Index (CPI)-based inflation recorded at 11.1% on year-on-year basis in July 2024, down from 12.6% in June 2024 and 28.3% in the corresponding month last year, according a data released by the Pakistan Bureau of Statistics (PBS).
The latest data issued on Thursday showed that the general CPI inflation increased to 2.1% in July 2024 on a month-on-month basis, compared to an increase of 0.5% in the previous month and an increase of 3.5% in July 2023.
As per the PBS data, the urban CPI inflation increased to 13.2% on year-on-year basis in July 2024, compared to an increase of 14.9% in the previous month and 26.3% in July 2023.
On month-on-month basis, it increased to 2.0% in July 2024, compared to an increase of 0.6% in the previous month and an increase of 3.6% in July 2023.
Meanwhile, the rural CPI inflation grew by 8.1% on year-on-year basis in July 2024, compared to an increase of 9.3% in the previous month and 31.3% in July 2023.
On month-on-month basis, it increased to 2.2% in July 2024, compared to an increase of 0.3% in the previous month and an increase of 3.3% in July 2023.
Moreover, the PBS data showed a year-on-year increase of 15.7% in the Sensitive Price Indicator (SPI) inflation during July 2024. Last month, it was 16.6% and 29.3% in July 2023.
On a month-on-month basis, it increased by 2.0% in July 2024, compared to an increase of 1.3% a month earlier and an increase of 2.8% in July 2023.
The Wholesale Price Index (WPI) inflation on year-on-year basis increased to 10.4% in July 2024, compared to an increase of 10.6% a month earlier and an increase of 23.1% in July 2023.
Meanwhile, the month-on-month difference suggested an increase of 2.3% in July 2024 compared to an increase of 0.4% in the previous month and an increase of 2.5% in corresponding month of last year (July 2023).
The urban core inflation, measured by non-food non-energy, increased to 16.9% on year-on-year basis in July 2024, compared to an increase of 17.0% in the previous month and 24.6% in July 2023.
On month-on-month basis, it increased by 1.1% in July 2024, compared to an increase of 0.9% in previous month and an increase of 1.2% in corresponding month of last year i.e. July 2023.
The rural core inflation, measured by non-food non-energy increased to 16.9% on year-on-year basis in July 2024, compared to an increase of 17.0% in the previous month and 24.6% in July 2023.
On a month-on-month basis, it increased by 1.1% in July 2024, compared to an increase of 0.9% in previous month and an increase of 1.2% in corresponding month of last year i.e. July 2023.
Attendees get knowledge about content creation tools effective strategies for optimising platform's campaigns
People compelled to commit suicide after finding it difficult to manage household budget, says economist
Diesel price slashed by Rs3.32; new prices will be effected from September 1
Power minister says IPPs contracts have sovereign guarantee cover
“Whoever buys PIA will have to invest Rs425bn immediately for its smooth functioning,” says official
Rating agency says virus outbreaks can have significant economic and fiscal effects in sub-Saharan Africa