Inflation clocks in at 29.7% YoY in December 2023

BusinessInflation clocks in at 29.7% YoY in December 2023

ISLAMABAD, Pakistan: The Consumer Price Index (CPI) increased to 29.7% on a Year-on-Year (YoY) basis in December 2023 as compared to an increase of 29.2% in the previous month and 24.5% in December 2022.

The statistics released by the Pakistan Bureau of Statistics (PBS) showed that on a Month-on-Month (MoM) basis, the CPI increased to 0.8% in December 2023 as compared to an increase of 2.7% in the previous month and an increase of 0.5% in December 2022.

   

The CPI inflation Urban increased to 30.9% on a YoY basis in December 2023 as compared to an increase of 30.4% in the previous month and 21.6% in December 2022.

While on a MoM 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.

On the other hand, the CPI inflation Rural increased to 27.9% on a 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.

Similarly on a 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.Inflation clocks in at 29.7% YoY in December 2023

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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