Pakistan's Consumer Price Index: An Overview
Recent Trends
According to the Bureau of Statistics, Pakistan's Consumer Price Index (CPI) rose to 25,594 points in June 2024, marking an increase from 25,478 points in May.
Easing Inflation
Despite the rise in CPI, the inflation rate in Pakistan has eased for the fifth consecutive month to 1.18% in May 2024, the lowest since November 2021. This represents a decline from 1.73% in the previous month.
Historical Data
In October 2022, the CPI showed an inflation of 41%, compared to a deflation of 2.1% in the previous month. Rural CPI inflation YoY increased to 23.5% in December 2022.
Data Accessibility
For those interested in further data analysis, the Pakistan Bureau of Statistics provides a range of resources:
- Series Report: Retrieve data using a specific identifier.
- Text Files: Access extensive datasets in text format.
Conclusion
Pakistan's Consumer Price Index is a key indicator of inflationary pressures and consumer purchasing power. The recent easing of inflation is encouraging, but it remains crucial to monitor the situation closely as Pakistan navigates challenging economic conditions.
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