Islamabad June 3 2024: Pakistan’s Consumer Price Index (CPI) has fallen to its lowest level in 30 months, attributed to a decrease in food prices due to improved domestic supplies and a stable currency.
In May 2024, the overall CPI inflation (General) rose to 11.8% year-on-year, down from 17.3% in the previous month and 38.0% in May 2023. Month-on-month, it declined by 3.2% in May 2024, compared to a 0.4% decrease in the previous month and a 1.6% increase in May 2023.
Urban CPI inflation increased to 14.3% year-on-year in May 2024, from 19.4% in the previous month and 35.1% in May 2023. Month-on-month, it dropped by 2.8% in May 2024, compared to a 0.1% decrease in the previous month and a 1.5% increase in May 2023.
Rural CPI inflation rose to 8.2% year-on-year in May 2024, from 14.5% in the previous month and 42.2% in May 2023. Month-on-month, it decreased by 3.9% in May 2024, compared to a 0.9% decline in the previous month and a 1.7% increase in May 2023.
