CPI for July stands at 28.3%

MG News | August 01, 2023 at 03:20 PM GMT+05:00
August 01, 2023 (MLN): The consumer price index (CPI) for the month of July 2023 clocked in at 28.3% YoY, compared to 29.4% YoY in the last month and 24.9% YoY in July 2022., the latest data issued by the Pakistan Bureau of Statistics (PBS) on Tuesday showed.
On a sequential basis, the CPI has increased by 3.5% compared to the 0.3% MoM decrease in the month of June 2023.
The inflation numbers have exceeded market expectations wherein the market participants expected July inflation to settle around 25%-27% with an average estimate of around 26% YoY.
In July 2023, the Urban Consumer Price Index (CPI) inflation increased to 26.3% on a year-on-year basis, showing a slight improvement from the previous month's 27.3% and a rise from 23.6% in July 2022. On a month-on-month basis, it surged to 3.6% in July 2023, a notable difference from the 0.1% increase in the prior month and the 4.5% increase in July 2022.
Similarly, the Rural CPI inflation rose to 31.3% in July 2023 compared to the previous month's 32.4% and July 2022's 26.9%. Month-on-month, it grew by 3.3% in July 2023, contrasting with the 0.8% decrease in the previous month and the 4.2% increase in July 2022.
The Sensitive Price Index (SPI) inflation, on a year-on-year basis, increased to 29.3% in July 2023, down from 34.9% in the previous month and up from 28.2% in July 2022. On a month-on-month basis, it rose by 2.8% in July 2023, compared to the 0.2% increase in the prior month and the substantial 7.3% increase in July 2022.
Furthermore, the Wholesale Price Index (WPI) inflation on a year-on-year basis climbed to 23.1% in July 2023, up from the 22.4% increase a month earlier and a significant jump from the 38.5% surge in July 2022. On a month-on-month basis, it increased by 2.5% in July 2023, in contrast to the 0.3% decrease in the prior month and the 2.0% increase in July 2022.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 139,207.29 190.96M | 0.37% 514.62 |
ALLSHR | 86,176.93 633.30M | 0.45% 382.41 |
KSE30 | 42,602.85 57.43M | 0.44% 187.98 |
KMI30 | 196,319.50 101.82M | 0.67% 1305.65 |
KMIALLSHR | 56,861.96 298.63M | 0.47% 267.27 |
BKTi | 38,060.31 12.30M | 0.37% 140.31 |
OGTi | 27,803.49 5.74M | 0.12% 34.24 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 118,295.00 | 119,880.00 115,675.00 | -1815.00 -1.51% |
BRENT CRUDE | 68.39 | 69.86 68.31 | -0.79 -1.14% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 65.07 | 66.74 65.00 | -0.96 -1.45% |
SUGAR #11 WORLD | 16.28 | 16.64 16.23 | -0.29 -1.75% |
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 |
---|