CPI inflation hits 8.2pc YoY in May.

Byline: Muhammad Faran Bukhari

LAHORE -- Pakistan's Consumer Price Index (CPI) inflation was recorded at 8.2 per cent on an Year on Year (YoY) basis in May as compared to 8.5 per cent in April and 8.4 per cent during the corresponding month of last year.

According to State Bank of Pakistan's (SBP) Inflation Monitor, national CPI inflation on a month on month basis was recorded at 0.3 per cent in May compared to -0.8 per cent in April and 0.6 per cent during the corresponding month of last year.

Rural areas experienced higher CPI inflation compared to urban areas in May, with rural CPI inflation recorded at 9.7 per cent on YoY basis compared to urban CPI inflation of 7.3 per cent on an YoY basis.

Meanwhile, Wholesale Price Index (WPI) on a YoY basis stood at 1.5 per cent in May compared to 4.9 per cent in April, while Sensitive Price Indicator (SPI) inflation stood at 9.6 per cent in May compared to 8.5 per cent in April.

In the global context, Pakistan's CPI inflation was the highest compared to the US, Euro area, Japan and UK.

Source: State Bank of Pakistan

However, CPI inflation rate in Pakistan was on the lower side compared to inflation rates for emerging economies for May.

Source: State Bank of Pakistan

According to the SBP inflation monitor, inflation rates in Argentina, Iran, Nigeria and Turkey stood at 42.1 per cent, 21 per cent, 12.4 per cent and 11.4 per cent respectively.

On the other hand, India has not...