PBS issues monthly inflation report of Feb 2023

ISLAMABAD, MAR 01(DNA) — Pakistan Bureau of Statistics (PBS) Islamabad Wednesday issued the monthly inflation report of February 2023. According to the report, the National Consumer Price Index for February 2023 increased to 4.32% and the Wholesale Price Index for February 2023 increased by 8.19% over January 2023.

As per key points of the inflation report, CPI inflation General, increased to 31.5% on year-on-year basis in Feb 2023 as compared to an increase of 27.6% in the previous month and 12.2% in Feb 2022. On month-on-month basis, it increased to 4.3% in Feb 2023 as compared to an increase of 2.9% in the previous month and an increase of 1.2% in Feb 2022.

The CPI inflation Urban, increased to 28.8% on year-on-year basis in Feb 2023 as compared to an increase of 24.4% in the previous month and 11.5% in Feb 2022. On month-on-month basis, it increased to 4.5% in Feb 2023 as compared to an increase of 2.4% in the previous month and an increase of 0.9% in Feb 2022.

CPI inflation Rural, increased to 35.6% on year-on-year basis in Feb 2023 as compared to an increase of 32.3% in the previous month and 13.3% in Feb 2022. On month-on-month basis, it increased to 4.0% in Feb 2023 as compared to an increase of 3.6% in the previous month and an increase of 1.5% in Feb 2022.

As per report, the SPI inflation on YoY increased to 33.6% in Feb 2023 as compared to an increase of 30.5% a month earlier and 18.7% in Feb 2022. On MoM basis, it increased by 3.7% in Feb 2023 as compared to an increase of 1.3% a month earlier and an increase of 1.3% in Feb 2022.

The WPI inflation on YoY basis increased to 36.4% in Feb 2023 as compared to an increase of 28.5% a month earlier and an increase of 23.6% in Feb 2022. On MoM basis, it increased by 8.2% in Feb 2023 as compared to an increase of 1.8% a month earlier and an increase of 1.9% in corresponding month of last year i.e. Feb 2022.  Figures show graphically the yearly data of Urban and Rural CPI.

Measured by non-food non-energy Urban increased to 17.1% on (YoY) basis in Feb 2023 as compared to an increase of 15.4% in the previous month and 7.8% in Feb 2022. On (MoM) basis, it increased by 2.2% in Feb 2023 as compared to an increase of 1.4% in previous month, and an increase of 0.8% in corresponding month of last year i.e. Feb, 2022.

The report says measured by non-food non-energy Rural increased to 21.5% on (YoY) basis in Feb 2023 as compared to an increase of 19.4% in the previous month and 9.4% in Feb 2022. On (MoM) basis, it increased by 2.6% in Feb 2023 as compared to an increase of 1.5% in previous month, and an increase of 0.9% in corresponding month of last year i.e. Feb 2022. Core inflation (Trimmed)

Measured by 20% weighted trimmed mean Urban increased to 25.1% on (YoY) basis in Feb 2023 as compared to 20.9% in the previous month and 9.8% in Feb 2022. On (MoM) basis, it increased by 2.9% in Feb 2023 as compared to an increase of 1.5% in the previous month and an increase of 0.8% in corresponding month of last year i.e. Feb 2022.

Measured by 20% weighted trimmed mean Rural increased to 31.6% on (YoY) basis in Feb 2023 as compared to 27.8% in the previous month and 11.3% in Feb 2022. On (MoM) basis, it increased to 3.9% in Feb 2023 as compared to an increase of 2.1% in the previous month and an increase of 1.2% in corresponding month of last year i.e. Feb 2022.

The National Consumer Price Index for February 2023 is increased to 4.32% over January 2023 and increased to 31.55% over corresponding month of the last year i.e. February 2022.

The Wholesale Price Index for February, 2023 increased by 8.19% over January, 2023. It increased to 36.45% over the corresponding month of the last year i.e. February, 2022. YoY and MoM movements, from February, 2022 to February, 2023 are also graphed below in Figure 8. — DNA