AGL 5.40 Decreased By ▼ -0.10 (-1.82%)
ANL 8.66 Decreased By ▼ -0.03 (-0.35%)
AVN 75.52 Decreased By ▼ -0.32 (-0.42%)
BOP 5.16 Decreased By ▼ -0.02 (-0.39%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
EFERT 81.30 Increased By ▲ 0.21 (0.26%)
EPCL 49.80 Decreased By ▼ -0.20 (-0.4%)
FCCL 12.64 Increased By ▲ 0.11 (0.88%)
FFL 5.55 Increased By ▲ 0.03 (0.54%)
FLYNG 6.91 Decreased By ▼ -0.04 (-0.58%)
FNEL 4.62 Decreased By ▼ -0.03 (-0.65%)
GGGL 8.55 Decreased By ▼ -0.03 (-0.35%)
GGL 14.15 Decreased By ▼ -0.10 (-0.7%)
HUMNL 5.46 Decreased By ▼ -0.13 (-2.33%)
KEL 2.60 Increased By ▲ 0.06 (2.36%)
LOTCHEM 27.88 Decreased By ▼ -0.10 (-0.36%)
MLCF 23.75 Increased By ▲ 0.05 (0.21%)
OGDC 71.25 Decreased By ▼ -0.39 (-0.54%)
PAEL 15.08 Decreased By ▼ -0.01 (-0.07%)
PIBTL 4.88 Decreased By ▼ -0.01 (-0.2%)
PRL 15.57 Decreased By ▼ -0.24 (-1.52%)
SILK 1.05 Decreased By ▼ -0.02 (-1.87%)
TELE 8.97 Increased By ▲ 0.03 (0.34%)
TPL 7.04 Increased By ▲ 0.01 (0.14%)
TPLP 18.15 Decreased By ▼ -0.16 (-0.87%)
TREET 20.61 Decreased By ▼ -0.42 (-2%)
TRG 135.23 Increased By ▲ 0.68 (0.51%)
UNITY 16.75 Increased By ▲ 0.12 (0.72%)
WAVES 9.25 Decreased By ▼ -0.07 (-0.75%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
BR100 4,147 Decreased By -8.4 (-0.2%)
BR30 15,269 Decreased By -19.9 (-0.13%)
KSE100 41,567 Decreased By -45.9 (-0.11%)
KSE30 15,355 Decreased By -5.5 (-0.04%)
Markets

May's inflation reading hits 13.8% in Pakistan

  • CPI-based inflation in rural areas increased by 15.9% on year-on-year basis in May 2022, reveals PBS data
Published June 1, 2022
Follow us

Inflation continued to march upwards, as the Consumer Price Index (CPI)-based reading clocked in at 13.8% on a year-on-year basis in May 2022, compared to 13.4% in the previous month and 10.9% in May 2021, showed data released by the Pakistan Bureau of Statistics (PBS) on Wednesday.

On a month-on-month basis, inflation increased by 0.44% in May 2022 compared to an increase of 1.6% in the previous month and an increase of 0.1% in May 2021. This takes 11MFY22 average inflation to 11.29% year-on-year compared to 8.83% in 11MFY21.

“May 2022 CPI inflation clocked in at 13.76% YoY which was slightly better than market expectations of 14%-14.5%,” said Mohammed Sohail, CEO Topline Securities.

April CPI inflation surges 13.4pc YoY

Rising inflation has emerged as a key concern for the South Asian country's economy, which is battling falling foreign exchange reserves amid a widening import bill. Last month, the State Bank of Pakistan (SBP), in its bid to tackle economic headwinds, raised the key interest by 150 basis points to 13.75%.

On the other hand, the incumbent government, aiming to revive the stalled International Monetary Fund (IMF) programme, announced to partially remove subsidies by increasing petroleum product rates by Rs30 per litre, a move which is expected to increase inflation.

Urban areas

Meanwhile, CPI inflation in urban areas increased 12.4% on a year-on-year basis in May 2022 as compared to an increase of 12.2% in the previous month and 10.8% in May 2021.

On a month-on-month basis, it increased by 0.3% in May 2022 as compared to increase of 1.6% in the previous month and increase of 0.2% in May 2021.

CPI inflation in rural areas increased by 15.9% on year-on-year basis in May 2022 as compared to an increase of 15.1% in the previous month and 10.9% in May 2021. On month-on-month basis, it increased by 0.6% in May 2022 as compared to increase of 1.6% in the previous month and a decrease of -0.03% in May 2021.

The Sensitive Price Index (SPI) inflation on YoY increased by 14.1% in May 2022 as compared to an increase of 14.2% a month earlier and an increase of 19.7% in May 2021. On MoM basis, it increased by 0.6% in May 2022 as compared to increase of 1.5% a month earlier and an increase of 0.8% in May 2021

Comments

Comments are closed.

May's inflation reading hits 13.8% in Pakistan

Arshad Sharif’s 'brutal killing': CJP takes suo motu notice

Intra-day update: rupee largely stable against US dollar

PM brings the economics of hydropower under govt focus

KP asks Wapda to pay Rs21bn

Govt debt stocks hit historic high of Rs50.152trn

Oil prices rise after price cap on Russian crude, OPEC+ meeting

Petrol, diesel and LNG at discounted rates: Russian ministers due next month

Revolving fund account for CPEC IPPs approved: ECC allows import of 0.583MTs of wheat

Payables/receivables: Govt offered to seek resolution of dispute thru ICA, KE CEO tells Senate panel

Auditors’ appointment: SECP decides to take risk-based approach