According to data released by the Pakistan Bureau of Statistics (PBS), inflation as measured by the Consumer Price Index (CPI) soared to 26.56%?year-over-year in October, more than three percentage points higher than last month’s 23.18%?and significantly higher than the 9.2%?in the same month last year.
According to official data, inflation increased 4.71%?from one month to the next in October.
High food and transportation costs remain an issue in Pakistan, which caused headline inflation to reach a 49-year high of 27.26% in August.
All sub-indices, with the exception of communications, saw double-digit gains in October, which drove inflation.
Index-wise increase in inflation YoY:
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Perishable food items: 70.47pc
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Transport: 53.43pc
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Alcoholic beverages and tobacco: 34.63pc
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Non-perishable food items: 30.58pc
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Restaurants and hotels: 30.38pc
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Furnishing and household equipment maintenance: 27.61pc
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Recreation and culture: 23.65pc
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Miscellaneous goods and services: 22.35pc
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Clothing and footwear: 18.28pc