CPI based Inflation reduces in Pakistan

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CPI based Inflation reduces in Pakistan

Pakistan’s consumer’s inflation(CPI)-based clocked in at 10.9 percent on a year-on-year basis in May 2021 compared to an increase of 11.1 percent in the previous month and 8.2 percent in May 2020, says the Pakistan Bureau of Statistics (PBS).

According to the monthly review of price indices by the PBS, on a month-on-month basis, the CPI increased by 0.1 percent in May 2021 compared to an increase of 1 percent in the previous month and an increase of 0.3 percent in May 2020.

The National Consumer Price Index for May 2021 is increased by 0.10 percent over April 2021 and increased by 10.87 percent over the corresponding month of the last year, i.e., May 2020.

A.A.H Soomro, Managing Director at Khadim Ali Shah Bukhari Securities while commenting on the inflation said,

Inflation today has become a non-event as it is not impacting the monetary policy decisions in the short run. Likely to remain elevated due to the global commodity cycle and supply-side disruptions.

The CPI inflation (Urban), increased by 10.8 percent on a year-on-year basis in May 2021 compared to an increase of 11 percent in the previous month and 7.3 percent in May 2020.

On a month-on-month basis, it increased by 0.2 percent in May 2021 compared to an increase of 1.3 percent in the previous month and an increase of 0.3 percent in May 2020