Inflation rises in Pakistan.
Experts recorded that the State Bank of Pakistan (SBP) in Pakistan has been tightening its monetary policy to contain surging inflation and the Rupee's rapid depreciation. Since September 2021, SBP has increased the policy rate by a cumulative 800 bps to reach 15 percent, the highest rate since the 2008 worldwide financial crisis. Soaring vegetable prices due to damage to standing crops and a massive hike in electricity rates have also contributed to higher inflation rates or prices. The Damage to standing crops will push up the prices of vegetables presently. The International Monetary Fund (IMF) mentioned in its country's staff report that the average Consumer Price Index (CPI) inflation was expected to surge to 20 percent in the current financial year, while core inflation would also remain elevated because of higher energy prices and the rupee's decline.
Inflation In Pakistan
Details###changes
CPI (National) 25.11###8.58###8.84###23.18###8.98###9.04
CPI (Urban)###23.66###8.7###7.55###21.2###9.13###7.68
CPI (Rural)###27.27###8.4###10.85###26.12###8.77###11.12
SPI###30.23###16.25###12.46###28.58###16.63###11.98
WPI###39.55###18.02###3.58###38.87###19.61###4.26
According to the Pakistan Bureau of Statistics (PBS) CPI inflation General, grew to 23.2 percent on a year-on-year (YoY) basis in September 2022 as against a rise of 27.3 percent in the previous month and 9.0 percent in September 2021. On a month-on-month (MoM) basis, it fell by -1.2 percent in September 2022 as against a rise of 2.4 percent in the previous month and a rise of 2.1 percent in September 2021. Furthermore, CPI inflation Urban also grew to 21.2 percent on YoY basis in September 2022 as against to an increase of 26.2 percent in the previous month and 9.1 percent in September 2021. On MoM basis, it fell by -2.1 percent in September this year as against an increase of 2.6 percent in the previous month and a rise of 2.0 percent in September 2021. CPI inflation Rural grew to 26.1 percent on YoY basis in September 2022 as against a rise of 28.8 percent in the previous month and 8.8 percent in September 2021. On MoM basis, it grew by 0.2 percent in September 2022 as against a rise of 2.2 percent in the previous month and a rise of 2.3 percent in September 2021. SPI inflation on YoY grew to 28.6 percent in September 2022 as against an increase of...
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