Home Business CPI inflation up by 13.8% in May

CPI inflation up by 13.8% in May

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ISLAMABAD, Jun 01 (ABC): The Consumer Price Index (CPI) increased by 13.8% on year-on-year (YoY) basis in May 2022 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Wednesday.

On month-on-month basis, it increased by 0.4% in May 2022 as compared to increase of 1.6% in the previous month (April) and increase of 0.1% in May 2021.

The CPI inflation Urban increased by 12.4% on year-on-year basis in May 2022 as compared to an increase of 12.2% in the previous month and 10.8% in May 2021. On month-on-month basis, it increased by 0.3% in May 2022 as compared to increase of 1.6% in the previous month and increase of 0.2% in May 2021.

The CPI inflation Rural increased by 15.9% on year-on-year basis in May 2022 as compared to an increase of 15.1% in the previous month and 10.9% in May 2021. On month-on-month basis, it increased by 0.6% in May 2022 as compared to increase of 1.6% in the previous month and decrease of -0.03% in May 2021.

Meanwhile, the Sensitive Price Indicator (SPI) inflation on YoY increased by 14.1% in May 2022 as compared to an increase of 14.2% a month earlier and an increase of 19.7% in May 2021. On MoM basis, it increased by 0.6% in May 2022 as compared to increase of 1.5% a month earlier and increase of 0.8% in May 2021.

Likewise, the Wholesale Price Index (WPI) inflation on YoY basis increased by 29.6% in May 2022 as compared to an increase of 28.1% a month earlier and an increase of 19.4% in May 2021. WPI inflation on MoM basis increased by 1.4% in May 2022 as compared to increase of 3.2% a month earlier and increase of 0.3% in corresponding month i.e. May 2021.

On Month-on-Month basis, the top few food commodities that witnessed increase compared to previous month included onions (36.17%), chicken (16.98%), eggs (13.07%), wheat flour (10.51%), gram whole (6.68%), pulse masoor (5.96%), meat (3.98%), rice (3.40%), pulse mash (2.43%), wheat (2.06%), mustard oil (1.93%), pulse gram (1.59%) and pulse moong (1.28%).

The food commodities that witnessed decrease included decreased: tomatoes (37.73%), vegetables (15.26%), fruits (12.94%), sugar (2.05%) and condiments & spices (1.58%).

The non-food commodities that witnessed increase in prices included stationery (8.00%), plastic products (4.75%), motor vehicles (3.30%), cleaning & laundering (3.26%), motor fuel (3.19%), furniture & furnishing (2.46%), washing soap/detergents/match box (2.19%), Household Equipments (2.05%), Motor Vehicle Accessories (2.01%) and Tailoring (1.35%).

The non-food commodities that witnessed decrease in prices included Electricity Charges (15.46%).

 

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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