CPI inflation clocks in at 11.1pc for July

Pakistan’s consumer price index (CPI) in July rose 11.1 per cent Year-on-Year (YoY), data from the Pakistan Bureau of Statistics (PBS) showed on Thursday. The CPI measures household inflation and includes statistics about price change for categories of household expenditure. “General CPI inflation increased to 11.1pc on year-on-year basis in July 2024 as compared to an increase of 12.6pc in the previous month and 28.3pc in July 2023,” the PBS report said. The inflation rate was 2.1pc on a month-on-month (MoM) basis, PBS noted, while, rural inflation was noted at 8.1pc and urban inflation was at 13.2pc.