CPI for October clocks in at 26.9% YoY

News Image

MG News | November 01, 2023 at 01:36 PM GMT+05:00

0:00

November 01, 2023 (MLN): The consumer price index (CPI) for the month of October 2023 clocked in at 26.9% YoY, compared to 31.4% YoY in the last month and 26.6% YoY in October 2022, the latest data issued by the Pakistan Bureau of Statistics (PBS) on Wednesday showed.

On a sequential basis, the CPI has increased to 1.1% compared to an increase of 2% in the previous month.

The inflation figures came in slightly hotter than our estimates.

In October 2023, the Urban Consumer Price Index (CPI) inflation increased to 25.5% on a year-on-year basis, as compared to an increase of 29.7% in the previous month and 24.6% in October 2022.

Similarly, it increased to 1.1% in October 2023 as compared to an increase of 1.7% in the previous month and an increase of 4.5% in October 2022.

Moreover, the Rural CPI inflation rose to 28.9% on a year-on-year basis in October 2023 as compared to an increase of 33.9% in the previous month and 29.5% in October 2022.

Month-on-month, it grew to 1.1% in October 2023 as compared to an increase of 2.5% in the previous month and an increase of 5.0% in October 2022.

The Sensitive Price Index (SPI) inflation, on a year-on-year basis, increased to 34.2% in October 2023, up from 32% a month earlier and 24.0% in October 2022.

On a month-on-month basis, it rose by 0.2% in October 2023 as compared to an increase of 1.7% a month earlier and a decrease of 1.5% in October 2022.

Furthermore, the Wholesale Price Index (WPI) inflation on a YoY basis climbed to 24.6% in October 2023, down from the 26.4% increase a month earlier and the 32.6% surge in October 2022.

Similarly, on a sequential basis, it decreased by 1.9% in October 2023 as compared to an increase of 3.1% a month earlier and a decrease of 0.5% in the corresponding month of last year i.e. October 2022.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,160.00 118,295.00
116,115.00
2335.00
2.02%
BRENT CRUDE 68.26 68.42
67.34
0.31
0.46%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.02 64.20
63.11
0.32
0.50%
SUGAR #11 WORLD 16.00 16.27
15.92
-0.27
-1.66%

Chart of the Day


Latest News
September 18, 2025 at 07:00 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 54.80 Million


September 18, 2025 at 05:59 PM GMT+05:00

Textile exports drop to $1.4bn in August


September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg