Islamabad January 1 2023: Pakistan CPI inflation General, increased to 29.7% on year-on-year basis in December 2023 as compared to an increase of 29.2% in the previous month and 24.5% in December 2022.
On month-on-month basis, it increased to 0.8% in December 2023 due to higher electricity prices as compared to an increase of 2.7% in the previous month and an increase of 0.5% in December 2022.
Inflation in Urban areas increased to 30.9% on year-on-year basis in December 2023 as compared to an increase of 30.4% in the previous month and 21.6% in December 2022. On month-on-month basis, it increased to 0.7% in December 2023 as compared to an increase of 4.3% in the previous month and an increase of 0.3% in December 2022.
Inflation in Rural areas, increased to 27.9% on year-on-year basis in December 2023 as compared to an increase of 27.5% in the previous month and 28.8% in December 2022. On month-on-month basis, it increased to 1.0% in December 2023 as compared to an increase of 0.4% in the previous month and an increase of 0.7% in December 2022.
