August inflation reading comes in at 8.4%
Urban CPI based inflation increased by 8.3% on year-on-year basis.
ISLAMABAD (APP) - The Consumer Price Index (CPI), based on monthly inflation witnessed an increase of 8.4 percent during the month of August 2021 as compared to the corresponding month of the last year, Pakistan Bureau of Statistics (PBS) reported here on Wednesday.
On month-on-month basis, it increased by 0.6 percent in August 2021 as compared to increase of 1.3 percent in the previous month and an increase of 0.6 percent in August 2020.
According to PBS data, the urban CPI based inflation increased by 8.3% on year-on-year basis in August 2021 as compared to an increase of 8.7% in the previous month and 7.1% in August 2020. On month-on-month basis, it increased by 0.5% in August 2021 as compared to increase of 1.29% in the previous month and an increase of 0.8% in August 2020.
The rural CPI increased by 8.4% on year-on-year basis in August 2021 as compared to an increase of 8.0% in the previous month and 9.9% in August 2020. On month-on-month basis, it increased by 0.7% in August 2021 as compared to increase of 1.4% in the previous month and an increase of 0.4% in August 2020.
