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Inflation clocks in at 9.7pc YoY in June
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The Consumer Price Index (CPI) clocked in at 9.7% on a year-on-year basis in June 2021 as compared to 10.9% in the previous month and 8.6% in June 2020, according to the Pakistan Bureau of Statistics (PBS) report.
The CPI inflation urban increased by 9.7% on a year-on-year basis in June 2021 as compared to an increase of 10.8% in the previous month and 7.6% in June 2020.
On a month-on-month basis, it decreased by 0.4% in June 2021 as compared to an increase of 0.2% in the previous month and an increase of 0.7% in June 2020.
CPI inflation rural increased by 9.7% on a year-on-year basis in June 2021 as compared to an increase of 10.9% in the previous month and 10.0% in June 2020. On month-on-month basis, it decreased by 0.1% in June 2021 as compared to a decrease of 0.03% in the previous month and an increase of 1.0% in June 2020.
Daily Times
July 2, 2021
The annual inflation rate eased to 9.7 percent on a year-on-year (YoY) basis in June 2021 as compared to an increase of 10.9 percent in May and 8.6 percent in June 2020.
According to the data released by Pakistan Bureau of Statistics (PBS) on Thursday, on a month-on-month basis, the Consumer Price Index (CPI) based inflation decreased by 0.2 percent in June 2021 as compared to an increase of 0.1 percent in the previous month and an increase of 0.8 percent in June 2020.
According to PBS, the CPI inflation urban increased by 9.7% on a year-on-year basis in June 2021 as compared to an increase of 10.8% in the previous month and 7.6% in June 2020. On a month-on-month basis, it decreased by 0.4% in June 2021 as compared to an increase of 0.2% in the previous month and an increase of 0.7% in June 2020.
Inflation in FY21 exceeds expectations
Average rate clocks in at 8.9% during FY21, according to Pakistan Bureau of Statistics
ISLAMABAD:
The government could not keep inflation under check in its third year too that accelerated to nearly 9%, significantly higher than the official target of 6.5% and becoming the biggest concerns for Prime Minister Imran Khan.
During fiscal year 2020-21 that ended on Wednesday, the average rate of inflation rose to 8.9%, the Pakistan Bureau of Statistics (PBS) reported on Thursday.
It was the third successive year when the Pakistan Tehreek-e-Insaf (PTI) government could not achieve its annual target due to cost-push factors. The government’s decision to increase administrative prices like electricity and gas and lax controls over food items prices caused inflation during the last fiscal year.
Annual consumer inflation slightly eased to 8.90 per cent during the outgoing fiscal year (FY21) from previous year’s 10.74pc. AFP/File
ISLAMABAD: Annual consumer inflation slightly eased to 8.90 per cent during the outgoing fiscal year (FY21) from previous year’s 10.74pc, showed data released by the Pakistan Bureau of Statistics on Thursday.
Inflation slightly fell to 9.7pc in June from 10.9pc in May mainly because of improvement in supply of food items and reduction in prices of essential kitchen items. Inflation remained in double digits from March to May 2021. It was mainly driven by a double-digit growth in food inflation in both urban and rural areas.