CPI inflation up by 12.24% in February

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The Consumer Price Index (CPI) based on monthly inflation increased by 12.24% on year-on-year (YoY) basis during the month of February 2022 against the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Saturday.

According to PBS data, the average inflation rate during the period from July to February (2021-22) increased up to 10.52 over same period of the preceding year. On month-on-month (MoM) basis, it increased by 1.15% when compared to previous month (January).

On year-on-year basis, the food commodities that contributed in urban food inflation during February 2022 over the same month of last year included tomatoes (310.06%), mustard oil (49.85%), cooking oil (41.03%), vegetable ghee (38.82%), pulse Masoor (38.42%), vegetables (33.31%), fruits (26.07%), gram whole (24.38%), meat (23.64%), pulse gram (13.90%), beans (13.03%), besan (11.97%), rice (11.89%) and milk (10.84%).

The food commodities that witnessed decline in prices included pulse Moong (25.64%), condiments & Spices (13.63%), sugar (5.43%), onions (5.35%) and chicken (4.62%). The non-food commodities that witnessed increase in prices included Liquefied Hydrocarbons (54.60%), motor fuel (39.72%), cleaning & laundering (22.90%), washing soap/detergents/match box (17.09%), motor vehicle accessories (15.86%), solid fuel (12.67%), plastic products (11.43%) and stationery (10.50%)

In rural inflation, the food commodities that contributed in upward growth of CPI included tomatoes (267.51%), mustard oil (52.00%), cooking oil (47.73%), vegetable ghee (44.06%), pulse masoor (39.78%), vegetables (39.21%), gram whole (34.43%), fruits (25.30%). —APP

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