“Urban CPI based inflation increased by 5 percent,” PBS data reveals

The Consumer Price Index (CPI) based monthly inflation reduced to 5.7 percent on year-on-year (YoY) basis during the month of January 2021.

According to the data of Pakistan Bureau of Statistics (PBS), the CPI for the month of December 2020 was 8 percent.

On month-on-month (MoM) basis, it decreased by 0.2% in January as compared to a decrease of 0.7 percent in December 2020 and an increase of 2 percent in January 2019.

The PBS data showed that the urban CPI based inflation increased by 5.0% on year-on-year basis in January 2021 as compared to an increase of 7.0% in the previous month and 13.4% in January 2020.

On month-on-month basis, it decreased by 0.2% in January 2021 as compared to a decrease of 0.3% in the previous month and an increase of 1.7% in January 2020.

The data also showed that the rural CPI increased by 6.6% on year-on-year basis in January 2021 as compared to an increase of 9.5% in the previous month and 16.3% in January 2020. On month-on-month basis, it decreased by 0.3% in January 2021 as compared to a decrease of 1.2% in the previous month and an increase of 2.4% in January 2020.

Moreover, the Sensitive Price Indicator (SPI) inflation on YoY increased by 7.7% in January 2021 as compared to an increase of 9.1% a month earlier and an increase of 18.3% in January 2020. On MoM basis, it decreased by 0.8% in January 2021 as compared to a decrease of 2.7% a month earlier and an increase of 0.5% in January 2020.