PC: Business Recorder

The inflation in Pakistan based on Consumer Price Index (CPI) has reached 31.5% this February on a year-to-year basis compared to12.2% in February last year.

The prices of commodities, housing, and transportation skyrocketed in February due to which inflation got out of control and reached 31.5%.

Data released by the Pakistan Bureau of Statistics (PBS) revealed that on a month-on-month (MoM) basis, the CPI inflation rose to 4.3pc. The PBS said, “CPI inflation General, increased to 31.5pc on year-on-year basis in Feb 2023 as compared to an increase of 27.6pc in the previous month and 12.2pc in Feb 2022.”

Topline Securities tweeted, “8MFY23 average inflation to 26.2pc compared to 10.5pc in 8MFY22.”

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