There is no good news for the overwhelming majority, if not all, as the Consumer Price Index (CPI) in November 2022 increased by 23.8 percent when compared with the same month last year.

On the other hand, the average CPI in the first five months of the current fiscal year was 25.14 percent compared to 9.32 percent during the same period last year.

However, the latest figures, or any numbers for that to say, released by Pakistan Bureau of Statistics (PBS) do not matter for the people in Pakistan as they are feeling the heat in daily life amid reduced purchasing power, depreciating rupee and rising prices, especially the   

Moreover, the figures do not tell the real story of the low-income groups who are much more affected by even the slightest hike in prices.

The 23.8 percent increase in CPI for November on year-on-year (YoY) basis is, however, 2.8 percent less than the previous month (October) which was 26.6 percent.

As far as the Sensitive Price Index (SPI) is concerned, it increased jumped to 27.1 percent in November as compared to an increase of 24.0 percent a month earlier and of 18.1 percent in November 2021.

Meanwhile, it increased by 6.1 percent as compared to a decrease of 1.5 percent in October and an increase of 3.6 percent in November 2021.

The National Consumer Price Index for November 2022 increased to 0.76 percent over October and to 23.84 percent over the corresponding month of the last year.

According to the PBS, the CPI in urban areas increased to 21.6 percent on year-on-year basis in November as compared to an increase of 24.6 percent in the previous month and 12.0 percent in the correspondent month last year.

On a month-on-month basis, the CPI in urban population increased to 0.4 percent in November and to 2.9 percent when compared with the corresponding month of the last year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here