Pakistan’s YoY inflation drops to 23.84% in Nov 2022, down from 26.6%.
Pakistan’s inflation Month-over-month (MoM) growth increased to 0.8 percent in November 2022 compared to 4.7 percent growth the month before and 3 percent growth in November 2021. As a result, the average inflation rate for 5MFY23 increased to 25.14 percent from 9.32 percent in 5MFY22.
Compared to the previous month’s growth of 24.6 percent and November 2021’s increase of 12.0 percent, the CPI inflation rate in the urban sector jumped to 21.6 percent YoY in November 2022. In November 2022, it climbed by 0.4 percent month over month, compared to increases of 2.9 percent in November 2021 and 4.5 percent the month before.
In November 2022, the CPI in Rural grew by 27.2 percent YoY, up from 10.9 percent in November 2021 and 29.5 percent the month before. On a month-over-month basis, it grew to 1.3 percent in November 2022, up from 3.1 percent in November 2021 and 5.0 percent in the month before.
SPI inflation year over year jumped to 27.1 percent in November 2022 from 24.0 percent the month prior and 18.1 percent in November 2021. On a month-over-month basis, it rose by 6.1 percent in November 2022 vs a fall of 1.5 percent the previous month and a rise of 3.6 percent the previous month.
In November 2022, Pakistan‘s WPI inflation climbed on a year-over-year basis by 27.7 percent, up from 27.0 % in November 2021 and 32.6 percent in October. On a month-over-month basis, it fell by 0.02 percent in November 2022, down from a drop of 0.5 percent in October and a rise of 3.8 percent in
Core Price Rise (NFNE)
based on non-food/non-energy metrics (NFNE) In November 2022, urban growth reached 14.6 percent YoY, up from 7.6 percent in November 2021 and 14.9 percent the month before. On a month-over-month basis, it climbed by 0.8 percent in November 2022, down from 1.3 percent in the previous month and 1.1 percent in the same month the previous year, in November 2021.
By non-food/non-energy Rural, it grew to 18.5 percent YoY in November 2022, up from 8.2 percent in November 2021 and 18.2 percent the month before. On a month-over-month basis, it rose by 2.1 percent in November 2022, compared to increases of 1.5 percent the month before and 1.8 percent in the same month the previous year, i.e. November 2021.
Core price Rise (Trimmed)
Urban CPI, calculated using a 20 percent weighted trimmed mean, rose to 19.8 percent YoY in November 2022 from 22.0 percent the month before and 9.8 percent in November 2021. On a month-over-month basis, it rose by 0.5 percent in November 2022 as opposed to 1.9 percent in the previous month and 1.7 percent in the same month the previous year, i.e. November 2021.
CPI Rural rose to 25.4 percent YoY in November 2022 from 26.7 percent the previous month and by 9.5 percent in November 2021, as measured by a 20 percent weighted trimmed mean. On a month-over-month basis, it grew to 1.8 percent in November 2022, up from increases of 2.7 percent the month before and 2.2 percent in the same month the previous year, ex. November 2021.
The National Consumer Price Index for November 2022 is up 0.76 percent from October 2022 and up 23.84 percent from November 2021, the previous year’s equivalent month. The Urban Consumer Price Index for November 2022 is up 0.38 percent from October 2022 and up 21.56 percent from November 2021, the previous year’s equivalent month.
In comparison to October 2022, the Wholesale Price Index fell by 0.02 percent in November 2022. It grew to 27.73 percent in comparison to November of the prior year, 2021.
