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CPI inflation increased 5% in May

byCT Report
02/06/2017
in Business
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ISLAMABAD: The head line inflation based on Consumer Price Index (CPI) has increased by 5 percent on year-on-year basis in May 2017 as compared to an increase of 4.8 percent in the previous month and 3.2 percent in May 2016.

According to Pakistan Bureau of Statistics (PBS), on month-on-month basis, it increased by 0 percent in May 2017 as compared to an increase of 1.4 percent in the previous month and a decrease of 0.2 percent in May 2016.

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Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 5.5 percent on (YoY) basis in May 2017 as compared to increase of 5.5 percent in the previous month and 4.6 percent in May 2016.

On (MoM) basis, it increased by 0.2 percent in May 2017 as compared to increase of 1.3 percent in previous month, and an increase of 0.2 percent in corresponding month of last year i.e. May 2016.

Core inflation, measured by 20 percent weighted trimmed mean CPI (Core Trimmed) increased by 4.8 percent on (YoY) basis in May 2017 as compared to 4.8 percent in the previous month and by 3.6 percent in May 2016. On (MoM) basis, it increased by 0.2 percent in May 2017 as compared to an increase of 0.8 percent in the previous month and an increase of 0.2 percent in corresponding month of last year i.e. May 2016.

SPI inflation on YoY increased by 2.4 percent in May 2017 as compared to an increase of 2.3 percent a month earlier and an increase of 0.6 percent in May 2016. On MoM basis, it decreased by 0.9 percent in May 2017 as compared to a decrease of 0.9 percent a month earlier and a decrease of 1.0 percent in May 2016.

WPI inflation on YoY basis increased by 5.2 percent in May 2017 as compared to an increase of 6.0 percent a month earlier and an increase of 0.0 percent in May 2016. WPI inflation on MoM basis decreased by 0.2 percent in May 2017 as compared to an increase of 0.9 percent a month earlier and an increase of 0.6 percent in corresponding month of last year i.e. May 2016.

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