The Consumer Price Index (CPI)-based inflation rose to a four-month high touching 9.2% on a year-on-year basis during October 2021 in comparison to 9% in September 2021 and 8.9% in October of the previous year.
As per data from the Pakistan Bureau of Statistics (PBS) on Monday, CPI inflation in urban increased by 9.6% on a year-on-year basis during October 2021 against an increase of 9.1% in the previous month and 7.3% in October of last year.
Inflation continues to be one of the biggest challenges faced by the Pakistan Tehreek-e-Insaf (PTI) government. The government is also battling issues at the economic front due to rising commodity prices in the global markets as well as a swelling current account deficit owing to the increase in import bill.
CPI inflation in rural went up by 8.7% on a year-on-year basis in October 2021 against an increase of 8.8% in the month of September 2021 and 11.3% during October 2020.
Inflation continues to be one of the biggest challenges faced by the Pakistan Tehreek-e-Insaf (PTI) government. The government is also battling issues at the economic front due to rising commodity prices in the global markets as well as a swelling current account deficit owing to the increase in import bill.
