Islamabad August 1 2023: CPI inflation General, increased to 28.3% on year-on-year basis in July 2023 as compared to an increase of 29.4% in the previous month and 24.9% in July 2022 due to increase in electricity prices.
On month-on-month basis, it increased to 3.5% in July 2023 as compared to a decrease of 0.3% in the previous month and an increase of 4.3% in July 2022.
On month on month basis electricity prices move up 38% as government jack up national tariff by PKR 7.50 per unit to meet IMF condition while on year on basis change in electricity prices is 8% due to higher fuel cost adjustments last year.
CPI inflation Urban, increased to 26.3% on year-on-year basis in July 2023 as compared to an increase of 27.3% in the previous month and 23.6% in July 2022. On month-on-month basis, it increased to 3.6% in July 2023 as compared to an increase of 0.1% in the previous month and an increase of 4.5% in July 2022.
CPI inflation Rural, increased to 31.3% on year-on-year basis in July 2023 as compared to an increase of 32.4% in the previous month and 26.9% in July 2022. On month-on-month basis, it increased to 3.3% in July 2023 as compared to a decrease of 0.8% in the previous month and an increase of 4.2% in July 2022.
SPI inflation on YoY increased to 29.3% in July 2023 as compared to an increase of 34.9% a month earlier and 28.2% in July 2022. On MoM basis, it increased by 2.8% in July 2023 as compared to an increase of 0.2% a month earlier and an increase of 7.3% in July 2022.
WPI inflation on YoY basis increased to 23.1% in July 2023 as compared to an increase of 22.4% a month earlier and an increase of 38.5% in July 2022. On MoM basis, it increased by 2.5% in July 2023 as compared to a decrease of 0.3% a month earlier and an increase of 2.0% in corresponding month of last year i.e. July 2022.
Core inflation, measured by non-food non-energy, in urban increased to 18.4% on (YoY) basis in July 2023 as compared to an increase of 18.5% in the previous month and 12.0% in July 2022. On (MoM) basis, it increased by 1.2% in July 2023 as compared to an increase of 0.7% in previous month, and an increase of 1.2% in corresponding month of last year i.e. July, 2022.
In rural areas non-food non-energy inflation increased to 24.6% on (YoY) basis in July 2023 as compared to an increase of 25.2% in the previous month and 14.6% in July 2022. On (MoM) basis, it increased by 1.2% in July 2023 as compared to an increase of 0.9% in previous month, and an increase of 1.6% in corresponding month of last year i.e. July 2022.
