ISLAMABAD(Republic policy): The Consumer Price Index-based inflation increased to 27.6 per cent on a year-on-year basis in January 2023 as compared to an increase of 24.5 per cent in the previous month and 13 per cent in January 2022, says the Pakistan Bureau of Statistics (PBS).
The CPI in the first seven months (July-January) of the current fiscal year on average remained at 25.40 per cent compared to 10.26 per cent during the same period of the last fiscal year.
On a month-on-month basis, CPI increased to 2.9per cent in January 2023 as compared to an increase of 0.5 per cent in the previous month and an increase of 0.4 per cent in January 2022. The CPI inflation urban, increased to 24.4 per cent on a year-on-year basis in January 2023 as compared to an increase of 21.6 per cent in the previous month and 13 per cent in January 2022. On a month-on-month basis, it increased to 2.4 per cent in January 2023 as compared to an increase of 0.3 per cent in the previous month and an increase of 0.1 per cent in January 2022.
The CPI inflation rural, increased to 32.3 per cent on a year-on-year basis in Jan 2023 as compared to an increase of 28.8 per cent in the previous month and 12.9 per cent in January 2022. On month-on-month basis, it increased to 3.6 per cent in January 2023 as compared to an increase of 0.7 per cent in the previous month and an increase of 0.9 per cent in January 2022.