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HomeGeneralIn January, inflation hit a two-year high of 12.96 percent: PBS

In January, inflation hit a two-year high of 12.96 percent: PBS

Consumer goods’ prices continued their upward trajectory in January and reached a two-year high as inflation soared to 12.96 per cent, data released by the Pakistan Bureau of Statistics (PBS) on Tuesday.

According to the PBS data, the year-on-year inflation during the last month — measured by the Consumer Price Index (CPI) — was the highest since January 2020 while the month-on-month inflation increased to 0.39pc compared to December.

In January 2020, inflation had risen to 14.6pc.

The average inflation rate between July 2021 to January 2022 stood at 10.26pc.

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