Islamabad
The Consumer Price Index (CPI) based monthly inflation decelerated to 8 percent on year-on-year (YoY) basis in December 2020, from 8.3 percent during November, Pakistan Bureau of Statistics (PBS) reported.
On month-on-month (MoM) basis, it decreased by 0.7% in December as compared to an increase of 0.8 percent in November 2020 and a decrease of 0.3 percent in December 2019.
According to PBS data, the Urban CPI inflation, increased by 7.0% on year-on-year basis in December 2020 as compared to an increase of 7.0% in the previous month and 12.0% in December 2019. On month-on-month basis, it decreased by 0.3% in December 2020 as compared to an increase of 0.6% in the previous month and a decrease of 0.4% in December 2019.
The CPI inflation Rural, increased by 9.5% on year-on-year basis in December 2020 as compared to an increase of 10.5% in the previous month and 13.6% in December 2019.
On month-on-month basis, it decreased by 1.2% in December 2020 as compared to an increase of 1.1% in the previous month and a decrease of 0.3% in December 2019.
The Sensitive Price Indicator (SPI) based inflation on YoY increased by 9.1% in December 2020 as compared to an increase of 9.9% a month earlier and an increase of 18.1% in December 2019. On MoM basis, it decreased by 2.7% in December 2020 as compared to an increase of 1.1% a month earlier and a decrease of 2.0% in December 2019.
The Wholesale Price Index (WPI) inflation on YoY basis increased by 5.7% in December 2020 as compared to an increase of 5.0% a month earlier and an increase of 12.4% in December 2019. WPI inflation on MoM basis increased by 0.3% in December 2020 as compared to a decrease of 0.9% a month earlier and a decrease of 0.3% in corresponding month i.e. December 2019.—APP
