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Inflation hits 13.76% in May, highest in over two years

This is the highest CPI inflation since January 2020 when it was 14.6%.

InflationInflation hits 13.76% in May | OyeYeah News
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Inflation hits 13.76% in May, the highest in over two years!

According to data shared by the Pakistan Bureau of Statistics (PBS) on Wednesday, inflation rose to a nearly two-and-a-half-year-high at 13.76 percent in May 2022. 

As per the statistics, inflation accelerated from 13.37% year-on-year (YoY) in April, marking a 0.44% month-on-month (MoM) rise in May.

This is the highest CPI inflation since January 2020 when it was 14.6%.

According to the PBS, inflation increased by 12.36% in urban areas and 15.88% in rural areas.

Transport saw a 31.77%rise, while prices of food items increased by 17.25%.

Prices of perishable food items increased by 26.37% and non-perishable items by 15.94%, according to the PBS data.

CPI_Monthly_Review_May_2022

According to the report, the relatively high domestic inflation is compensated by rupee depreciation.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.