Pakistan’s Consumer Price Index-based inflation (CPI) increased by 27.3 percent on a year-on-year basis in August 2022 as compared to an increase of 24.9 in the previous month and 8.4 percent in August 2021, says the Pakistan Bureau of Statistics (PBS).
As per the monthly review of price indices by the PBS, on a month-on-month basis, CPI increased by 2.4 percent in Aug 2022 as compared to an increase of 4.3 percent in the previous month and an increase of 0.6 percent in Aug 2021.
The National Consumer Price Index for Aug 2022 increased by 2.45 percent over July 2022 and increased by 27.26 percent over the corresponding month of the last year i.e. Aug 2021.
According to the PBS data, the Wholesale Price Index (WPI) inflation on a YoY basis increased by 41.2 percent in Aug 2022 as compared to an increase of 38.5 percent a month earlier and an increase of 17.1 percent in Aug 2021 which indicates the inflation is expected to further increase in coming days and months.
