Pakistan’s inflation rises to 29.2pc in November

Inflation, measured by the Consumer Price Index (CPI), surged by 29.2 percent year-on-year in November 2023 as compared to an increase of 26.8 percent in the previous month and 23.8 percent in November 2022, according to data released by the Pakistan Bureau of Statistics (PBS).

This takes 5MFY24 average inflation to 28.62 percent compared to 25.14 percent in 5MFY23. On month-on-month basis, it increased to 2.7 percent in November 2023 as compared to an increase of 1.0 percent in the previous month and an increase of 0.8 percent in November 2022.

CPI inflation Urban, increased to 30.4 percent on year-on-year basis in November 2023 as compared to an increase of 25.5 percent in the previous month and 21.6 percent in November 2022. On month-on-month basis, it increased to 4.3 percent in November 2023 as compared to an increase of 1.1 percent in the previous month and an increase of 0.4 percent in November 2022.

CPI inflation Rural, increased to 27.5 percent on year-on-year basis in November 2023 as compared to an increase of 28.7 percent in the previous month and 27.2 percent in November 2022. On month-on-month basis, it increased to 0.4 percent in November 2023 as compared to an increase of 0.9 percent in the previous month and an increase of 1.3 percent in November 2022.

Weekly inflation surges by 0.30pc: PBS

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Measured by non-food non-energy Urban increased to 18.6 percent on (YoY) basis in November 2023 as compared to an increase of 18.5 percent in the previous month and 14.6 percent in November 2022. On (MoM) basis, it increased by 0.9 percent in November 2023 as compared to an increase of 1.2 percent in previous month, and an increase of 0.8 percent in corresponding month of last year i.e. November, 2022.

Measured by non-food non-energy Rural increased to 25.9 percent on (YoY) basis in November 2023 as compared to an increase of 26.7 percent in the previous month and 18.5 percent in November 2022.

On (MoM) basis, it increased by 1.4 percent in November 2023 as compared to an increase of 1.0 percent in previous month, and an increase of 2.1 percent in corresponding month of last year i.e. November 2022.