Inflation Rises to 13.4% in April 2022

General

The Consumer Price Index (CPI) based inflation increased by 13.4 percent on year-on-year (YoY) basis in April 2022 as compared to an increase of 12.7 percent in the previous month and 11.1 percent in April 2021, says Pakistan Bureau of Statistics (PBS).

Inflation in ten months of the current fiscal year 2021-22 averaged 11.01 percent against 8.62 percent during the same period of last year.

The Sensitive Price Index (SPI) inflation on YoY increased by 14.2 percent in April 2022 as compared to an increase of 13.0 percent a month earlier and an increase of 21.3 percent in April 2021. On MoM basis, it increased by 1.5 percent in April 2022 as compared to increase of 0.6 percent a month earlier and increase of 0.4 percent in April 2021.

The Wholesale Price Index (WPI) inflation on YoY basis increased by 28.1 percent in April 2022 as compared to an increase of 23.8 percent a month earlier and an increase of 16.6 percent in April 2021. WPI inflation on MoM basis increased by 3.2 percent in April 2022 as compared to increase of 3.9 percent a month earlier and a decrease of -0.4 percent in corresponding month i.e. April 202.

Measured by non-food non-energy Urban increased by 9.1 percent on YoY basis in April, 2022 as compared to an increase of 8.9 percent in the previous month and 7.0 percent in April, 2021. On MoM basis, it increased by 1.1 percent in April, 2022 as compared to increase of 1.2 percent in previous month, and an increase of 0.9 percent in corresponding month of last year i.e. April, 2021.

Measured by non-food non-energy Rural increased by 10.9 percent on YoY basis in April, 2022 as compared to an increase of 10.3 percent in the previous month and 7.7 percent in April, 2021.

On MoM basis, it increased by 1.2 percent in April, 2022 as compared to an increase of 1.1 percent in previous month, and an increase of 0.7 percent in corresponding month of last year i.e. April, 2021.

Top few commodities, which varied from previous month and contributed to Urban CPI among food which registered increase are tomatoes (51.53 percent), onions (42.83 percent), fruits (21.07 percent), vegetables (14.41 percent), cooking oil (11.35 percent), vegetable ghee (8.26 percent), gram whole (5.67 percent), wheat flour (3.45 percent), meat (3.25 percent), mustard oil (2.31 percent), potatoes (1.43 percent), milk (1.27 percent) and pulse masoor (1.13 percent) and decreased among chicken (9.40 percent), gur (1.23 percent) and sugar (0.70 percent).

Source: Pro Pakistan