ISLAMABAD: The Consumer Price Index (CPI) based monthly inflation decelerated to 5.7 percent on year-on-year (YoY) basis during the month of January 2021, from 8 percent during December 2020, Pakistan Bureau of Statistics (PBS) reported.
On month-on-month (MoM) basis, it decreased by 0.2% in January as compared to a decrease of 0.7 percent in December 2020 and an increase of 2 percent in January 2019.
According to PBS data, the urban CPI based inflation increased by 5.0% on year-on-year basis in January 2021 as compared to an increase of 7.0% in the previous month and 13.4% in January 2020. On month-on-month basis, it decreased by 0.2% in January 2021 as compared to a decrease of 0.3% in the previous month and an increase of 1.7% in January 2020.
The rural CPI increased by 6.6% on year-on-year basis in January 2021 as compared to an increase of 9.5% in the previous month and 16.3% in January 2020. On month-on-month basis, it decreased by 0.3% in January 2021 as compared to a decrease of 1.2% in the previous month and an increase of 2.4% in January 2020.
The Sensitive Price Indicator (SPI) inflation on YoY increased by 7.7% in January 2021 as compared to an increase of 9.1% a month earlier and an increase of 18.3% in January 2020. On MoM basis, it decreased by 0.8% in January 2021 as compared to a decrease of 2.7% a month earlier and an increase of 0.5% in January 2020.
Likewise, the Wholesale Price Index (WPI) on YoY basis increased by 6.4% in January 2021 as compared to an increase of 5.7% a month earlier and an increase of 15.4% in January 2020. WPI inflation on MoM basis increased by 2.5% in January 2021 as compared to an increase of 0.3% a month earlier and an increase of 1.8% in corresponding month i.e. January 2020. – PNP
