Headline CPI inflation against Urban Food CPI inflation, the closest published proxy for food-price pressure (SBP publishes Urban and Rural food CPI separately — there is no single National Food CPI series).
Headline CPI inflation against Urban Food CPI inflation, the closest published proxy for food-price pressure (SBP publishes Urban and Rural food CPI separately — there is no single National Food CPI series).
▸Headline CPI rose 23.6% over the selected period — from 8.98% to 11.10%.
▸Urban Food Inflation rose 12.4% over the selected period — from 10.77% to 12.10%.
▸Over this period, Headline CPI and Urban Food Inflation moved closely together, moving in the same direction (correlation coefficient: 0.96).
Sources:: SBP EasyData
Food makes up a large share of household spending in Pakistan, especially for lower-income groups — tracking food inflation specifically shows how much of the headline number is being driven by food prices versus everything else.
Why "Urban" food inflation and not a national figure?
SBP's EasyData platform publishes food CPI inflation separately for urban and rural areas only — there is no single national food CPI series to pair with headline inflation, so this uses the verified Urban series rather than estimating a blended national figure.
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