• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

Inflation hits 24.5pc in December

by Irsa
January 2, 2023
in Business, Economy, News
Reading Time: 1 min read
Inflation hits 24.5pc in December
Share on FacebookShare on Twitter

The inflation, measured by Consumer Price Index (CPI), rose to 24.5pc in December 2022 December on a year-on-year (YoY) basis, the Pakistan Bureau of Statistics (PBS).

The data showed that on a month-over-month (MoM) basis, inflation rose to 0.5% in December 2022 from a rise of 0.8% the month before.

“CPI inflation General, increased to 24.5% on YoY basis in Dec 2022 as compared to an increase of 23.8% in the previous month and 12.3% in Dec 2021,” said the PBS.

According to a press statement from the bureau, prices increased 0.5% from November to December.

Despite a 2.8% slowdown in index movement, most consumer products continue to be outside of most people’s cost range.

The inflation rate met expectations made by the Ministry of Finance, which ranged from 23% to 25%.

According to PBS, CPI inflation in urban areas rose to 21.6% on an annual basis in December 2022 from 21.6% the month before and 12.7% in December 2021.

On MoM basis, it increased to 0.3% in December 2022 as compared to an increase of 0.4% in the previous month and an increase of 0.3% in December 2021.

Tags: CPIInflation hits 24.5pcPakistan Bureau of Statistics
Irsa

Irsa

Related Posts

TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

Prime Minister Shehbaz Sharif announced the Turkmen-Afghanistan-Pakistan-India (TAPI) Pipeline Implementation Plan on Thursday, calling the project critical to the region's...

Pakistan faces last IMF board review before passing crucial budget

Pakistan faces last IMF board review before passing crucial budget

A Fund official said on Thursday that Pakistan can only have one more board review under the present bailout agreement...

Pakistan’s first green hydrogen plant to be established in Thatta

Pakistan’s first green hydrogen plant to be established in Thatta

In partnership with China, Pakistan's first green hydrogen factory will be built in Thatta. In this regard, the Sindh government...

PIA announces Islamabad-Gilgit direct flights

PIA announces Islamabad-Gilgit direct flights

After Skardu, Pakistan International Airlines (PIA) announced direct flights from Islamabad to Gilgit. To assist tourists, the PIA official stated...

Inter-bank: rupee weakens further, settles at 286.88 against US dollar

Inter-bank: rupee weakens further, settles at 286.88 against US dollar

The Pakistani rupee fell for the fourth consecutive session, falling 0.11% against the US dollar in the interbank market on...

USAID announces $16.4mn for Sindh’s flood affectees

USAID announces $16.4mn for Sindh’s flood affectees

The United States Agency for International Development (USAID) announced an additional $16.4 million in development and humanitarian aid for flood...

Next Post
Inflation spiked back up to 24.5pc in December

Inflation spiked back up to 24.5pc in December

Recent Posts

  • Govt announces subsidies for flood-affected farmers
  • TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan
  • SC office objects plea seeking president’s disqualification
  • Pakistan faces last IMF board review before passing crucial budget
  • Pakistan informs ICC of inability to play World Cup matches in Ahmedabad

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk