CPI inflation up by 13.8% in May

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The Consumer Price Index (CPI) increased by 13.8% on year-on-year (YoY) basis in May 2022 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Wednesday.

On month-on-month basis, it increased by 0.4% in May 2022 as compared to increase of 1.6% in the previous month (April) and increase of 0.1% in May 2021.

The CPI inflation Urban increased by 12.4% on year-on-year basis in May 2022 as compared to an increase of 12.2% in the previous month and 10.8% in May 2021. On month-on-month basis, it increased by 0.3% in May 2022 as compared to increase of 1.6% in the previous month and increase of 0.2% in May 2021.

The CPI inflation Rural increased by 15.9% on year-on-year basis in May 2022 as compared to an increase of 15.1% in the previous month and 10.9% in May 2021. —APP