Pakistan’s Weekly Inflation Soars by 29.41%
Published on: March 30, 2024.
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Weekly Inflation in Pakistan Witnesses 29.41% Increase: Official Report
An official report released on Friday by the Pakistan Bureau of Statistics (PBS) revealed that the weekly inflation in Pakistan, measured by the Sensitive Price Indicator (SPI), experienced a significant increase of 29.41% on a year-on-year basis.
The SPI is a calculation used to monitor the price movement of essential commodities. It consists of 51 crucial items collected from 50 markets across 17 cities in the country.
According to the PBS data, during the week ending on March 28, 2024, various items witnessed price hikes compared to the same period last year. These items included gas, chili powder, onions, garlic, brown sugar, chicken, salt powder, sugar, and pulses.
In contrast, the prices of cooking oil, bananas, vegetable oil, mustard oil, diesel, wheat flour, and cigarettes decreased during the same period.
On a week-on-week basis, the SPI slightly dropped by 0.09%. This decrease was mainly attributed to the decline in prices of tomatoes, wheat flour, garlic, onions, potatoes, bananas, pulses, and sugar.
However, the prices of chicken, eggs, clothes, rice, and other items increased during the same week, as reported by the PBS.
The fluctuations in prices have a significant impact on Pakistan’s economy, especially for key industries such as rice exporters and suppliers. To stay updated on these fluctuations and ensure that you make informed decisions, visit reputable websites like hasrice.com and pakistanrice.com for more information.
Source: [China.org.cn](http://www.china.org.cn)
