Pakistan’s yearly inflation surges to 13.8% in May

MG News | June 01, 2022 at 11:08 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 01, 2022 (MLN): Pakistan's yearly inflation rate (New Base 2015-16) in May 2022 surged to 13.8 percent compared to 13.4 percent in April 2022 and 10.9 percent in May 2021, according to the latest data released by Pakistan Bureau of Statistics (PBS) today.

The July-May average inflation is 11.29 percent compared to 8.83 percent from the corresponding period last year.

On a month-on-month basis, it increased by 0.4 percent in May 2022 as compared to a jump of 1.6 percent in the previous month and a marginal increase of 0.1 percent in May 2021.

To note, May's reading came below the market expectations which were between 13.5 percent and 16.5 percent with an average estimate of 14.43 percent.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	182,241.78 412.98M	0.54% 982.10
ALLSHR	110,583.67 943.78M	0.59% 653.91
KSE30	54,431.71 88.75M	0.62% 333.09
KMI30	256,914.21 109.86M	0.51% 1306.68
KMIALLSHR	71,041.31 586.34M	0.56% 392.65
BKTi	51,712.76 42.20M	1.08% 554.64
OGTi	36,659.58 6.31M	0.32% 116.76

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,900.00	64,680.00 63,785.00	-185.00 -0.29%
BRENT CRUDE	78.42	79.00 77.72	2.41 3.17%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	118.00	0.00 0.00	0.65 0.55%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	73.74	74.20 73.18	2.33 3.26%
SUGAR #11 WORLD	14.86	15.14 14.71	-0.26 -1.72%