PBS registers CPI inflation at 11.1% for July

In July 2024, the general Consumer Price Index (CPI)-based inflation in Pakistan was at 11.1%, down from 12.6% in June 2024 and much lower than the 28.3% recorded in July 2023. Urban and rural CPI inflation also decreased compared to the previous month and the previous year. The Sensitive Price Indicator (SPI) inflation and Wholesale Price Index (WPI) inflation also showed a decrease on both year-on-year and month-on-month basis. Core inflation, excluding food and energy, also decreased in both urban and rural areas. Overall, inflation in Pakistan seems to be on a downward trend in July 2024.