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Business Recorder
2 days ago
- Business
- Business Recorder
May CPI-based inflation increases 3.5pc YoY
ISLAMABAD: The Consumer Price Index (CPI)-based inflation increased to 3.5 percent on Year-on-Year basis in May 2025 as compared to 0.3 percent of the previous month and 11.8 percent in May 2024, says the Pakistan Bureau of Statistics (PBS). Average CPI in the country remained at 4.61 percent during the first 10 months (July-May) 2024-25 compared to 24.52 percent during the same period of last fiscal year. On Month-on-Month (MoM) basis, it decreased by 0.2 percent in May 2025 as compared to a decrease of 0.8 percent in the previous month and a decrease of 3.2 percent in May 2024. The CPI inflation Urban increased to 3.5 percent on year-on-year basis in May 2025 as compared to 0.5 percent of the previous month and 14.3 percent in May 2024. On Month-on-Month basis, it increased to 0.1 percent in May 2025 as compared to a decrease of 0.7 percent in the previous and a decrease of 2.8 percent in May 2024. The CPI inflation Rural increased to 3.4 percent on Year-on-Year basis in May 2025 as compared to a decrease of 0.1 in the previous month and 8.2 percent in May 2024. On Month-on-Month basis, it decreased by 0.5 percent in May 2025 as compared to a decrease of 1.0 percent in the previous month and a decrease of 3.9 percent in May 2024. The Sensitive Price Index (SPI) inflation on YoY decreased by 0.6 percent in May 2025 as compared to a decrease of 3.6 percent a month earlier and 15.3 percent in May 2024. On MoM basis, it decreased by 1.0 percent in May 2025 as compared to a decrease of 2.1 percent a month earlier and a decrease of 4.0 percent in May 2024. Wholesale Price Index (WPI) inflation on YoY basis increased to 0.4 percent in May 2025 as compared to a decrease of 2.2 percent in the previous month and 9.9 percent in May 2024. On Month-on-Month basis no change measured in May 2025 as compared to a decrease of 1.3 percent in the previous month and a decrease of 2.5 percent of the corresponding month of last year i.e. May 2024. Measured by non-food non-energy urban slightly decreased to 7.3 percent on YoY basis in May 2025 as compared to 7.4 percent of the previous month and an increase of 12.3 percent in May 2024. On MoM basis, it decreased by 0.4 percent in May 2025 as compared to 1.3 percent measured in the previous month and an increase of 0.4 percent in corresponding month of last year i.e. May 2024. Measured by non-food non-energy rural decreased to 8.8 percent on YoY basis in May 2025 as compared to 9.0 percent of the previous month and an increase of 17.0 percent in May 2024. On MoM basis, it decreased to 0.4 percent in May 2025 as compared to an increase of 0.9 percent measured in the previous month and an increase of 0.5 percent in corresponding month of last year i.e. May 2024. Measured by 20 percent weighted trimmed mean urban increased by 4.9 percent on YoY basis in May 2025 as compared to 3.8 percent of the previous month and 11.0 percent in May 2024. On MoM basis, it increased by 0.1 percent in May 2025 as compared to an increase of 0.3 percent in the previous month and a decrease of 0.5 percent in corresponding month of last year i.e. May 2024. Measured by 20 percent weighted trimmed mean rural increased by 4.7 percent on YoY basis in May 2025 as compared to 3.3 percent of the previous month and 10.6 percent in May 2024. On MoM basis, it decreased by 0.2 percent in May 2025 as to compare a decrease of 0.1 percent in the previous month and a decrease of 0.9 percent in corresponding month of last year i.e. May 2024. Copyright Business Recorder, 2025
Express Tribune
3 days ago
- Business
- Express Tribune
Pakistan's CPI inflation rises 3.46% in May on annual basis
Market analysts caution that IMF-related measures in the upcoming FY2026 budget—particularly new taxes and adjustments in energy prices—may lead to a renewed spike in inflation. PHOTO: FILE Listen to article Pakistan's consumer price index (CPI) inflation rose 3.46% in May 2025 compared to the same month a year earlier, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. However, on a month-to-month basis, the national CPI declined by 0.17% compared to April 2025. The CPI is based on the 2015–16 base year and combines urban and rural price indices. Urban inflation increased 0.07% in May over April, while rural inflation dropped 0.53%. The average inflation rate for July 2024 to May 2025 stood at 4.61%, compared with the corresponding period in 2023–24. The national index declined slightly due to drops in key categories including housing and perishable food items. Urban consumers saw a mild increase driven by price hikes in food staples like eggs (+24.38%) and chicken (+8.63%), while tomato (-20.80%) and onion (-12.05%) prices fell sharply. Rural areas experienced a broader decline due to a significant drop in food prices, including tomatoes (-32.99%), onions (-18.37%), and wheat flour (-10.52%). Nonetheless, rural areas reported price increases in eggs (+19.27%) and fresh fruits (+5.07%). Non-food price changes included higher costs for cotton cloth (+3.20%) and motor vehicles (+1.86%) in urban regions, while electricity charges (-7.03%) and motor fuels (-0.67%) dropped. In rural areas, dental services (+5.97%) and education (+1.59%) were among the most notable increases. On a year-over-year basis, urban inflation was up 3.51%, and rural inflation increased 3.39%. Food and non-alcoholic beverages rose 3.07% nationally, with non-perishable food prices up 5.01%, while perishable food items dropped 9.21%. Alcoholic beverages and tobacco saw a 7.86% annual increase, and clothing and footwear surged 9.66%. The most significant annual price increases were recorded in clothing, tobacco, and non-perishable food items. Meanwhile, perishable goods like vegetables and fruits experienced year-on-year price declines. The PBS compiles the CPI using data from 35 cities and 27 rural centres, tracking a total of 600 consumer items. The data provides a key indicator of cost-of-living trends that influence monetary policy and economic planning.
Business Recorder
3 days ago
- Business
- Business Recorder
Inflation in Pakistan rises to 3.5% in May 2025
Headline Inflation YoY Headline Inflation YoY Pakistan's headline inflation clocked in at 3.5% on a year-on-year basis in May 2025, a reading higher than that of April 2025 when it stood at 0.3%, showed Pakistan Bureau of Statistics (PBS) data on Monday. On a month-on-month basis, it decreased by 0.2% in May 2025, as compared to a decrease of 0.8% in the previous month and a decrease of 3.2% in May 2024. CPI inflation average during 11MFY25 stood at 4.61% as compared to 24.52% in 11MFY24. Inflation in Pakistan has been a significant and persistent economic challenge, particularly in recent years. In May 2023, the CPI inflation rate hit a record high of 38%. However, it has been on a downward trajectory since then. Last month, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) cut the key interest rate by 100 basis points (bps) to 11%, the lowest policy rate since March 2022 (9.75%). The central bank has cut the rate by 1,100bps since June from an all-time high of 22%. The CPI reading is higher than the government's expectations. The Finance Ministry in its monthly economic report expected inflation to ease to between 1.5% and 2% year-on-year in May, before picking up to 3%-4% in June. 'Exports and remittances are expected to maintain their upward trend in the coming months, keeping the current account within a manageable range,' the ministry said. Meanwhile, the latest CPI reading was also higher than the projections made by several brokerage houses. JS Global projected Pakistan's headline inflation to inch up to 2.7% in May. 'Pakistan's CPI is expected to clock in at 2.7% for May. The base effect is now fading, signalling a return to normalised price trends. This is likely to take 11MFY25 average inflation to 4.7%, down from 11MFY24 average of 24.9%,' said JS Global. Meanwhile, Insight Securities, another brokerage house, expected headline inflation to clock in at 3.4% in May. Urban, rural inflation The PBS said CPI inflation urban increased to 3.5% on year-on-year basis in May 2025, as compared to 0.5% of the previous month and 14.3% in May 2024. On month-on-month basis, it increased to 0.1% in May 2025, as compared to a decrease of 0.7% in the previous and a decrease of 2.8% in May 2024. CPI inflation rural increased to 3.4% on year-on-year basis in May 2025 as compared to a decrease of 0.1% in the previous month and 8.2% in May 2024. On month-on-month basis, it decreased by 0.5% in May 2025 as compared to a decrease of 1.0% in the previous month and a decrease of 3.9% in May 2024
Business Recorder
3 days ago
- Business
- Business Recorder
Inflation in Pakistan inches up to 3.5% in May 2025
Pakistan's headline inflation clocked in at 3.5% on a year-on-year basis in May 2025, a reading higher than that of April 2025 when it stood at 0.3%, showed Pakistan Bureau of Statistics (PBS) data on Monday. On a month-on-month basis, it decreased by 0.2% in May 2025, as compared to a decrease of 0.8% in the previous month and a decrease of 3.2% in May 2024. CPI inflation average during 11MFY25 stood at 4.61% as compared to 24.52% in 11MFY24. Inflation in Pakistan has been a significant and persistent economic challenge, particularly in recent years. In May 2023, the CPI inflation rate hit a record high of 38%. However, it has been on a downward trajectory since then. Last month, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) cut the key interest rate by 100 basis points (bps) to 11%, the lowest policy rate since March 2022 (9.75%). The central bank has cut the rate by 1,100bps since June from an all-time high of 22%. The CPI reading is higher than the government's expectations. The Finance Ministry in its monthly economic report expected inflation to ease to between 1.5% and 2% year-on-year in May, before picking up to 3%-4% in June. 'Exports and remittances are expected to maintain their upward trend in the coming months, keeping the current account within a manageable range,' the ministry said. Meanwhile, the latest CPI reading was also higher than the projections made by several brokerage houses. JS Global projected Pakistan's headline inflation to inch up to 2.7% in May. 'Pakistan's CPI is expected to clock in at 2.7% for May. The base effect is now fading, signalling a return to normalised price trends. This is likely to take 11MFY25 average inflation to 4.7%, down from 11MFY24 average of 24.9%,' said JS Global. Meanwhile, Insight Securities, another brokerage house, expected headline inflation to clock in at 3.4% in May. Urban, rural inflation The PBS said CPI inflation urban increased to 3.5% on year-on-year basis in May 2025, as compared to 0.5% of the previous month and 14.3% in May 2024. On month-on-month basis, it increased to 0.1% in May 2025, as compared to a decrease of 0.7% in the previous and a decrease of 2.8% in May 2024. CPI inflation rural increased to 3.4% on year-on-year basis in May 2025 as compared to a decrease of 0.1% in the previous month and 8.2% in May 2024. On month-on-month basis, it decreased by 0.5% in May 2025 as compared to a decrease of 1.0% in the previous month and a decrease of 3.9% in May 2024
Express Tribune
5 days ago
- Business
- Express Tribune
Short-term inflation falls 0.81% WoW
Listen to article The Sensitive Price Indicator (SPI) for the week ended May 29, 2025 posted a decline of 0.81%, driven by a notable decrease in electricity charges, chicken and liquefied petroleum gas (LPG) prices. However, on a year-on-year (YoY) basis, the SPI registered a rise of 0.41%, reflecting mixed trends across food, energy and consumer goods. According to data released by the Pakistan Bureau of Statistics (PBS), prices of 10 essential items fell during the week, while 14 items saw an increase and 27 remained stable. The week-on-week (WoW) decrease of 0.81% was primarily driven by several essential items. Notable declines were observed in Q1 electricity charges (-10.10%), chicken (-8.51%), LPG (-2.67%), sugar (-0.25%), milk powder (-0.20%), 2.5kg vegetable ghee (-0.17%), wheat flour (-0.09%), Irri-6/9 rice (-0.07%), garlic (-0.05%) and pulse moong (-0.01%). Conversely, the week saw a price increase in tomatoes (4.54%), potatoes (2.94%), eggs (2.19%), onions (2.17%), gur (0.77%), bananas (0.73%), mustard oil (0.34%), cigarettes (0.25%), pulse mash (0.22%), pulse gram (0.17%), pulse masoor (0.14%) and broken Basmati rice (0.12%). On a YoY basis, the essential items recording a significant price increase included ladies' sandals (55.62%), chicken (32.92%), eggs (32.30%), pulse moong (31.45%), milk powder (23.75%), sugar (21.96%), bananas (21.17%), pulse gram (19.66%), beef (17.51%), LPG (16.30%), 2.5kg vegetable ghee (13.67%) and 1kg vegetable ghee (12.76%).
