CPI rises to 23.84% in November 2022
MG News | December 01, 2022 at 12:34 PM GMT+05:00
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%).
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 164,831.42 172.53M | 1.19% 1934.74 |
| ALLSHR | 99,333.72 384.51M | 0.90% 884.04 |
| KSE30 | 49,356.83 107.72M | 1.37% 669.37 |
| KMI30 | 237,212.17 96.91M | 1.44% 3362.86 |
| KMIALLSHR | 64,767.41 193.69M | 1.12% 719.32 |
| BKTi | 44,973.02 33.91M | 1.41% 625.96 |
| OGTi | 34,831.33 6.50M | 1.19% 408.38 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 77,165.00 | 77,920.00 76,465.00 | 330.00 0.43% |
| BRENT CRUDE | 105.87 | 111.49 103.24 | -5.41 -4.86% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -7.75 -6.58% |
| ROTTERDAM COAL MONTHLY | 113.00 | 113.00 112.80 | 0.55 0.49% |
| USD RBD PALM OLEIN | 1,191.50 | 1,191.50 1,191.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 99.33 | 104.45 97.00 | -4.82 -4.63% |
| SUGAR #11 WORLD | 14.76 | 15.15 14.67 | -0.25 -1.67% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Banking Sector Spreads