The Inflation- Consumer Price Index (CPI) rose to 21.32 percent in June, the highest in over 13 years, data shared by the Pakistan Bureau of Statistics (PBS) revealed on Friday.
Last month, inflation was recorded at 13.76pc. In June, inflation rose 6.34pc month-on-month (MoM) and 21.32pc year-on-year (YoY), which was the highest figure since December 2008 when inflation stood at 23.3pc.
According to the PBS, inflation increased by 19.84pc in urban areas and 23.55pc in rural areas.
Transport and perishable food items were the two sectors that saw the largest inflationary trend, with a 62.17% and 36.34% increase respectively. This inflation was observed across multiple sectors, though to a lesser degree.
Other sectors in which inflation was measured in the double digits are:
- Non-perishable food items (24.43pc)
- Restaurants and hotels (21.85pc)
- Furnishing and household equipment maintenance (18.76pc)
- Alcoholic beverages and tobacco (17.6pc)
- Miscellaneous goods and services (15.83pc)
- Recreation and culture (14.35pc)
- Clothing and footwear (13.72)
- Housing and utilities (13.48pc)
- Health (11.3pc)
The education and communication sectors were the only two areas where inflation was in the single digits, at 9.46% and 1.96% respectively. The PBS press release showed that prices for motor fuel, liquefied hydrocarbons and electricity had increased massively year-on-year, with motor fuel prices rising by at least 95%.