June's inflation hits to 13-year high of 21.3% YoY

News Image

MG News | July 01, 2022 at 02:21 PM GMT+05:00

0:00

July 01, 2022 (MLN): Pakistan's yearly inflation rate (New Base 2015-16) in June 2022 rose to a 13-year high of 21.3% compared to 13.8% in May 2022 and 9.7% in June 2021, according to the latest data released by Pakistan Bureau of Statistics (PBS) today. 

Last time, the inflation surged to 21.07% in February 2009. 

On a month-on-month basis, it increased by 6.3 percent in June 2022 as compared to an increase of 0.4% in the previous month and a decrease of 0.3% in June 2021.

The average inflation of FY22 is 12.15% compared to 8.9% from the corresponding period last year. 

June’s reading was notably above the market expectations which were between 17.7% and 19.8% with an average estimate of 18.82%.

The data further revealed that inflation in urban areas has increased by 19.8% on a year-on-year basis in June 2022 as compared to a surge of 12.4% in the previous month and 9.6% in June 2021. On a month-on-month basis, it inched up by 6.2% in June 2022 as compared to an increase of 0.3% in the previous month and a decrease of 0.4% in June 2021.

Similarly, the prices in rural areas have also witnessed an upward trajectory, up by 23.6% YoY and 6.6% MoM in June 2022.

SPI inflation on YoY went up by 21.7% YoY and 6.2% MoM in June 2022 while WPI inflation jumped by 38.9% YoY in June 2022 and 8.2% MoM in June 2022.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 166,553.28
727.76M
-0.47%
-793.56
ALLSHR 101,296.66
1,567.06M
-0.28%
-289.04
KSE30 50,903.27
227.71M
-0.57%
-289.80
KMI30 241,347.86
135.29M
-0.16%
-394.95
KMIALLSHR 66,524.37
778.95M
-0.27%
-179.92
BKTi 47,779.01
130.29M
-0.85%
-408.88
OGTi 32,913.20
28.90M
0.79%
259.34
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,760.00 111,065.00
106,950.00
-4345.00
-3.88%
BRENT CRUDE 63.80 63.92
61.38
2.48
4.04%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 92.75 0.00
0.00
0.70
0.76%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 59.38 59.83
57.34
2.14
3.74%
SUGAR #11 WORLD 15.13 15.44
15.03
-0.11
-0.72%

Chart of the Day


Latest News
October 22, 2025 at 05:05 PM GMT+05:00

PTL posts Rs282.56m profit


October 22, 2025 at 04:53 PM GMT+05:00

MCB Bank's 9MFY25 profit declines 15.5%


October 22, 2025 at 04:35 PM GMT+05:00

PIBTL swings to Rs616.5m profit in 9M2025



Top 5 things to watch in this week

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