The Consumer Price Index (CPI) based inflation increased to 26.9 percent during the month of October 2023 as compared to the same month of last year, Pakistan Bureau of Statistics (PBS) reported on Wednesday.
The inflation had increased to 31.4 per cent during last month (September) whereas it was recorded at 26.6 percent during October, 2022, according to the PBS data.
On a month-on-month basis, the inflation increased to 1.1 percent in October 2023 as compared to an increase of 2.0 percent in the previous month and an increase of 4.7 percent in October 2022.
The urban CPI inflation increased to 25.5% on a year-on-year (YoY) basis in October 2023 as compared to an increase of 29.7% in the previous month and 24.6% in October last year. On a month-on-month (MoM) basis, 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.
On the other hand, the rural CPI increased 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. On a month-on-month basis, it increased 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.— APP
