Pakistan’s (CPI)-based inflation slowed down to 8.4 percent compared to 9.7 percent of the previous month (June, 2021) and 9.3 percent of the corresponding month of last year (July, 2020) as noted by the Pakistan Bureau of Statistics (PBS).
According to the monthly review of price indices by the PBS, it increased by 1.3 percent in July 2021 on a Month-on-Month (MoM) basis as compared to a decrease of 0.2 percent in the previous month and an increase of 2.5 percent in July 2020.
The National Consumer Price Index for July 2021 increased by 1.34 percent over June 2021 and increased by 8.40 percent over the corresponding month of the previous year.
The CPI inflation Urban increased by 8.7 percent on a YoY basis in July 2021 as compared to an increase of 9.7 percent in the previous month and 7.8 percent in July 2020. On an MoM basis, it increased by 1.29 percent in July 2021 as compared to a decrease of 0.4 percent in the previous month and an increase of 2.2 percent in July 2020.