CPI inflation registered at 11.1% in July: PBS

• Headline CPI inflation stood at 12.6% last month.
• Urban CPI inflation rises 13.2% year-on-year in July 2024.
• Rural CPI inflation rose 8.1% year-on-year last month.

Islamabad: Headline consumer price index (CPI) inflation recorded 11.1% year-on-year in July 2024, from 12.6% in June 2024 and 28.3% in the corresponding month last year, according to data released by published by the Pakistan Bureau of Statistics (PBS).

The latest data released on Thursday showed that headline CPI inflation rose to 2.1% in July 2024 on a monthly basis, compared with a 0.5% increase in the previous month and a 3.5% increase in July 2023.

According to PBS data, urban CPI inflation rose to 13.2% year-on-year in July 2024, compared with an increase of 14.9% in the previous month and 26.3% in July 2023.

On a monthly basis, it rose to 2.1% in July 2024, compared to a 0.5% increase in the previous month and a 3.6% increase in July 2023.

Meanwhile, rural CPI inflation rose 8.1% year-on-year in July 2024, up from 9.3% growth in the previous month and 31.3% in July 2023.

On a monthly basis, it rose to 2.2% in July 2024, compared to a 0.3% increase in the previous month and a 3.3% increase in July 2023.

In addition, PBS data showed a 15.7% annual increase in Sensitive Price Index (SPI) inflation in July 2024. Last month, it was 16.6% and 29.3% in July 2023.

On a monthly basis, it rose 2.0% in July 2024, compared with a 1.3% increase a month earlier and a 2.8% increase in July 2023.

Year-on-year wholesale price index (WPI) inflation rose to 10.4% in July 2024, compared with a 10.6% increase a month earlier and a 23.1% increase in July 2023.

Meanwhile, the month-on-month difference suggests a 2.3% increase in July 2024 compared to a 0.4% increase in the previous month and a 2.5% increase in the corresponding month of the previous year (July 2023).

Urban core inflation, measured by non-food non-energy, rose to 16.9% year-on-year in July 2024, compared with an increase of 17.0% in the previous month and 24.6% in July 2023.

On a monthly basis, it increased by 1.1% in July 2024, compared to a 0.9% increase in the previous month and a 1.2% increase in the corresponding month of the previous year, i.e. July 2023.

Rural core inflation, measured by inflation excluding food, rose to 16.9% year-on-year in July 2024, compared with a 17.0% increase in the previous month and 24.6% in July 2023.

On a monthly basis, it increased by 1.1% in July 2024, compared to a 0.9% increase in the previous month and a 1.2% increase in the corresponding month of the previous year, i.e. July 2023.