Inflation recorded at 28.3% in July 2023

BusinessInflation recorded at 28.3% in July 2023

ISLAMABAD, Pakistan: The Consumer Price Index (CPI) Inflation was recorded at 28.3 percent on a year-on-year (YoY) basis in July 2023, according to the Pakistan Bureau of Statistics (PBS).

The data shared by the PBS on Tuesday showed that the CPI inflation increased to 28.3 percent on a year-on-year basis in July 2023 as compared to an increase of 29.4 percent in the previous month and 24.9 percent in July 2022.

On a month-on-month (MoM) basis, it increased to 3.5 percent in July 2023.

The data showed that in July 2023, the urban inflation increased to 26.3 percent on a year-on-year basis while the rural inflation increased to 31.3 percent.

CPI Inflation During the PDM government

The following is the CPI Inflation since April 2022 when the current PDM government took over;

CPI Inflation General (National)
Period
YoY
MoM
July 2023 28.3% 3.5%
June 2023 29.4% -0.3%
May 2023 38.0% 1.6%
April 2023 36.4% 2.4%
March 2023 35.4% 3.7%
February 2023 31.5% 4.3%
January 2023 27.6% 2.9%
December 2022 24.5% 0.5%
November 2022 23.8% 0.8%
October 2022 26.6% 4.7%
September 2022 23.2% -1.2%
August 2022 27.3% 2.4%
July 2022 24.9% 4.3%
June 2022 21.3% 6.3%
May 2022 13.8% 0.4%
April 2022 13.4% 1.6%

Source: Pakistan Bureau of Statistics (PBS)

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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