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CPI Inflation decreased by 5.7% in January 2021, says Bureau of Statistics

11:31 PM | 1 Feb, 2021
CPI Inflation decreased by 5.7% in January 2021, says Bureau of Statistics

ISLAMABAD – The Consumer Price Index (CPI) based monthly inflation in Pakistan has come down from 8% in December 2020 to 5.7% in January 2021, reported the Pakistan Bureau of Statistics (PBS) on Monday.

This deceleration of CPI is based on year to year basis. On month-on-month basis, it decreased by 0.2% in January 2021 as compared to a decrease of 0.7% in the previous month and an increase of 2.0% in January 2020, shows official statistics. 

According to PBS data, the urban CPI based inflation increased by 5.0% on year-on-year basis in January 2021 as compared to an increase of 7.0% in the previous month and 13.4% in January 2020. On month-on-month basis, it decreased by 0.2% in January 2021 as compared to a decrease of 0.3% in the previous month and an increase of 1.7% in January 2020.

The rural CPI increased by 6.6% on year-on-year basis in January 2021 as compared to an increase of 9.5% in the previous month and 16.3% in January 2020. On month-on-month basis, it decreased by 0.3% in January 2021 as compared to a decrease of 1.2% in the previous month and an increase of 2.4% in January 2020.

The Sensitive Price Indicator (SPI) inflation on YoY increased by 7.7% in January 2021 as compared to an increase of 9.1% a month earlier and an increase of 18.3% in January 2020. On MoM basis, it decreased by 0.8% in January 2021 as compared to a decrease of 2.7% a month earlier and an increase of 0.5% in January 2020.

Likewise, the Wholesale Price Index (WPI) on YoY basis increased by 6.4% in January 2021 as compared to an increase of 5.7% a month earlier and an increase of 15.4% in January 2020. WPI inflation on MoM basis increased by 2.

5% in January 2021 as compared to an increase of 0.3% a month earlier and an increase of 1.8% in corresponding month i.e. January 2020.

The urban core inflation, measured by non-food non-energy increased by 5.4% on (YoY) basis in January, 2021 as compared to an increase of 5.6% in the previous month and 7.9% in January, 2020. On (MoM) basis, it increased by 0.9% in January, 2021 as compared to increase of 0.4% in previous month, and an increase of 1.1% in corresponding month of last year i.e. January, 2020.

On the other hand, the rural core inflation, measures by non-food non-energy Rural increased by 7.8% on (YoY) basis in January, 2021 as compared to an increase of 7.7% in the previous month and 9.0% in January, 2020. On (MoM) basis, it increased by 1.1% in January, 2021 as compared to an increase of 0.5% The urban trimmed core inflation, measured by 20% weighted trimmed mean, increased by 5.7% on (YoY) basis in January, 2021 as compared to 6.2% in the previous month and by 10.3% in January, 2020. On (MoM) basis, it increased by 1.0% in January, 2021 as compared to an increase of 0.4% in the previous month and an increase of 1.2% in corresponding month of last year i.e. January, 2020.

The rural trimmed core inflation, measured by 20% weighted trimmed mean, increased by 8.1% on (YoY) basis in January, 2021 as compared to 8.8% in the previous month and by 12.7% in January, 2020. On (MoM) basis, it increased by 1.2% in January, 2021 as compared to an increase of 0.6% in the previous month and an increase of 1.9% in corresponding month of last year i.e. January, 2020.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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