CPI rises to 23.84% in November 2022

December 1, 2022 (MLN): The consumer price index (CPI) for the month of Nov’22 increased by 23.8% YoY, as compared 26.6% increase in the last month, and on monthly basis, it increased to 0.8%% MoM, the latest data issued by the Pakistan Bureau of Statistics (PBS) on Thursday showed.

SPI inflation on YoY increased to 27.1% in Nov’22 as compared to an increase of 24.0% a month earlier and an increase of 18.1% in Nov’21. On an MoM basis, it increased by 6.1% in Nov’22 as compared to a decrease of 1.5% a month earlier and an increase of 3.6% in Nov’21.

The National Consumer Price Index for Nov’22 increased to 0.76% over Oct’22 and increased to 23.84% over the corresponding month of the last year i.e. Nov’21.

The average CPI in these five months of the current fiscal year was 25.14% compared to 9.32% during the same period of last year.

As per the report, year-on-year basis CPI inflation in Urban increased to 21.6% in Nov’22 as compared to an increase of 24.6% in the previous month and 12.0% in Nov’21.

On a month-on-month basis, Urban CPI increased to 0.4% in Nov’22 and 2.9% increase in the corresponding month of the last year which is Nov’21.

On MoM top few food items which increased are onions (34.42%), tea (14.79%), potatoes (14.57%), dry fruits (12.79%), fish (7.01%), pan-prepared (6.48%), eggs (5.34%), butter (4.96%), sugar (3.67%), milk powder (2.97%), wheat products (2.15%), bakery and confectionery (2.11%), readymade food (1.4%) and sweetmeat (1.36%).

Price decreases of items including fresh vegetables (26.42%), pulse masoor (11.17%), tomatoes (9.56%), pulse gram (5.51%), chicken (5.08%), pulse mash (4.26%), besan (3.5%), pulse moong (3.05%) and gram whole (2.01%).

Non-food increased in woolen readymade garments (12.71%), solid fuel (5.87%), household textiles (5.53%), personal effects n.e.c. (4.03%) and washing soap/ detergents/ matchbox (3.63%) and decreased in liquified hydrocarbons (3.06%), transport services (1.54%), electricity charges (0.34%), and motor fuel (0.01%).

Accordingly, CPI inflation in Rural increased to 27.2% on a year-on-year basis in Nov’22 as compared to an increase of 29.5% in the previous month and 10.9% in Nov’21.

MoM The CPI index for Nov’22 increased to 1.3% over Oct’22 and an increase of 3.1% over the corresponding month of the last year i.e., Nov’21.

Top food items whose percentage MoM increased are onions (29.22%), dry fruits (16.61%), tea (10.42%), potatoes (5.72%), condiments and spices (5.68%), milk products (5.04%), milk fresh (4.16%), sugar (3.75%), wheat products (3.57%), fish (3.52%), nimco (3.35%), butter (3.19%), milk powder (2.81%), eggs (2.8%), pan prepared (2.56%), sweetmeat (2.15%) and fresh fruits (2.14%) and decreased in fresh vegetables (26.88%), pulse masoor (12.33%), tomatoes (9.57%), pulse mash (4.75%), pulse gram (3.16%), chicken (2.7%), gur (2.53%) and gram whole (2.33%).

Meanwhile, nonfood items increased are woolen readymade garments (10.26%), solid fuel (7.61%), household textiles (7.36%), footwear (6.26%), stationery (6.02%), personal effects n.e.c.(5.1%), major tools and equipment (4.62%), recreation and culture (4.38%), woolen cloth (4.19%), hosiery (4.01%), drugs and medicines (3.82%), washing soaps, detergents, and matchbox (3.79%) and decreased in liquified hydrocarbons (2.25%), transport services (0.99%), electricity charges (0.34%), and motor fuels (0.03%).

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