Cpi Report Schedule

CPI in Pakistan Rises Along with Global Inflationary Pressure

Introduction

The Consumer Price Index (CPI) in Pakistan has increased to 255.94 points in June 2023, according to the latest data from the Pakistan Bureau of Statistics (PBS).

Causes and Impact

The rise in CPI is attributed to global inflationary pressures, supply chain disruptions, and rising commodity prices. The increase in consumer prices affects household budgets, purchasing power, and economic growth.

Essential Commodities Contribute to Inflation

Essential commodities such as food, energy, and housing have witnessed significant price increases, contributing to the overall inflation rate. The war in Ukraine and weather-related disruptions have impacted global food supply and prices.

Government Measures to Mitigate Inflation

The Pakistani government has implemented various measures to mitigate inflationary pressures, including monetary tightening, fiscal discipline, and support for low-income households. However, these measures have had limited success in curbing inflation.

Conclusion

The continued rise in CPI remains a major concern for policymakers and consumers in Pakistan. Global economic factors and domestic challenges contribute to the inflationary environment. Effective and sustained measures are needed to address the underlying causes of inflation and protect vulnerable populations.