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CPI: Inflation rate augmented by 5.7% in February

F.P. Report

ISLAMABAD: On Monday, the latest report of Pakistan Bureau of Statistics, the Consumer Price Index (CPI) based monthly inflation augmented by 8.7 percent on year-on-year (YoY)  in February 2021 as compared to an increase of 5.7% in the previous month and 12.4% in February 2020.

Mentioning the inflation rate fluctuations, the report mentioned that month-on-month basis, it increased by 1.8% in February 2021 as compared to a decrease of 0.2% in the previous month and a decrease of 1.0% in February 2020.

The Sensitive Price Indicator (SPI) inflation on YoY increased by 11.9% in February 2021 as compared to an increase of 7.7% a m-onth earlier and an increase of 14.5% in February 2020.

On MoM basis, it increased by 3.1% in February 2021 as compared to a decrease of 0.8% a month earlier and a decrease of 0.8% in February 2020.

Furthermore, regarding the urban CPI based inflation the report underlined that it increased by 8.6% on year-on-year basis in February 2021 as compared to an increase of 5.0% in the previous month and 11.2% in February 2020.

On month-on-month basis it decreased by 2.3% in February 2021 as compared to a decrease of 0.2% in the previous month and a decrease of 1.1% in February 2020, Pakistan Bureau of Statistics report mentioned.

The latest report of Pakistan Bureau of Statistics, CPI based rural inflation increased by 8.8% on year-on-year basis in February 2021 as compared to an increase of 6.6% in the previous month and 14.2% in February 2020.

On month-on-month basis, it increa-sed by 1.1% in February 2021 as compared to a decrease of 0.3% in the previous month and a decrease of 1.0% in February 2020.

Regarding the Wholesale Price Index (WHI), the PBS report mentioned that inflation on YoY basis increased by 9.5% in February 2021 as compared to an increase of 6.4% a month earlier and an increase of 12.7% in February 2020.

In the month of February this year the WPI inflation on MoM basis increased by

2.2% in February 2021 as compared to an increase of 2.5% a month earlier and a decrease of 0.7% in corresponding month i.e. February 2020.

The inflation rate of non-food non-energy Urban increased by 6.4% on (YoY) basis in February, 2021 as compared to an increase of 5.4% in the previous month and 8.0% in February, 2020.

Whereas the inflation rate on (MoM) basis, it increased by 1.1% in February, 2021 as compared to increase of 0.9% in previous month, and an increase of 0.2% in corresponding month of last year i.e. February, 2020.

The non-food non-energy Rural increased by 7.7% on (YoY) basis in February, 2021 as compared to an increase of 7.8% in the previous month and 9.4% in February, 2020.

On (MoM) basis, it increased by 0.5% in February, 2021 as compared to an increase of 1.1% in previous month, and an increase of 0.5% in corresponding month of last year i.e. February, 2020, the report stated.

Other than this the report also release latest inflation increase mentioning ‘Core inflation (Trimmed) urban’ increased by 7.9% on (YoY) basis in February, 2021 as compared to 5.7% in the previous month and 9.7% in February, 2020. On (MoM) basis, it increased by 1.0% in February, 2021 as compared to an increase of 1.0% in the previous month and an increase of 0.1% in corresponding month of last year i.e. February, 2020, the report mentioned.

The latest Pakistan Bureau of Statistics report also revealed that the core inflation (trimmed) rural increased by 9.2% on (YoY) basis in February,

2021 as compared to 8.1% in the previous month and by 12.8% in February, 2020, whereas on (MoM) basis, it increased by 0.5% in February, 2021 as compared to an increase of 1.2% in the earlier month and an increase of 0.6% in corresponding month of last year i.e. February, 2020.

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