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.
CPI for the month of Jul’23 clocked-in at 28.3% YoY (+3.5% MoM) compared to 24.9% in Jul-22.@PBSofficialpak @StateBank_Pak #PBS #Inflation #Pakistan #Economy #AHL pic.twitter.com/puBMMGMU08
— Arif Habib Limited (@ArifHabibLtd) August 1, 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)
