Islamabad (HRNW) Around a hundred essential items, ranging from flour to fuel and from housing to health care, have collectively become 21.3% expensive for Pakistanis in one year, according to CPI data compiled and released by the Pakistan Bureau of Statistics on Friday.
Consumer Price Index (CPI) shows that June 2022 proved the most expensive month in the past 13 years. In June, inflation rose 21.32% compared to June 2021 (year-on-year increase) and 6.32% compared to the previous month (month-on-month increase). Such a drastic change in CPI was last seen in December 2008 when year-on-year inflation stood at 23.3%.
Items under 10 of 12 grouped registered a double-digit increase in prices with transport becoming 62% expensive and food and beverages costing 25.92% more.
Items under the ‘Housing, Water, Electricity, Gas ad Fuels’ category have become 13.48% more expensive. Furnishing and household equipment now cost 18.76% more than in June 2021.
Even health care and recreational activities have become 11.30% and 14.35% more expensive, respectively.
The prices of clothing and footwear rose 13.72%.
Education and communication costs registered a modest increase of 9.49% and 1.96%, respectively. These are the only two groups with single-digit inflation.
The rural population has been hit a bit more strongly compared to the urban population with CPI Rural inflation standing at 23.6% and CPI Urban inflation at 19.8%.
A closer examination of the CPI data reveals how life has become difficult for the common man.
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