Pakistan experiences a 1.30% increase in weekly inflation
Published on: June 15, 2024.
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Weekly Inflation in Pakistan Witnesses an Increase of 1.30%: Pakistan Bureau of Statistics
The Sensitive Price Indicator (SPI) in Pakistan has recorded a 1.30% increase for combined consumption groups during the week ending June 12, according to the Pakistan Bureau of Statistics (PBS). This increase has led to a yearly inflation rate of 23.3%. The PBS data also reveals that the prices of 19 essential commodities have increased over the past week.
Among the 51 items analyzed, 19 items saw price hikes, 8 items experienced price drops, and 24 items remained stable. Notable decreases in average prices on a week-on-week basis were observed in onions (5.00%), chili powder (1.95%), rice basmati broken (1.65%), garlic (1.32%), rice irri (1.08%), bread (0.52%), wheat flour (0.05%), and sugar (0.02%).
On the other hand, tomatoes (27.14%), chicken (11.75%), electricity for q1 (8.73%), pulse gram (7.19%), LPG (6.14%), eggs (3.70%), bananas (3.22%), beef (1.52%), pulse moong (1.07%), mutton (0.60%), cigarettes (0.47%), and energy saver (0.36%) experienced an increase in their average prices on a week-on-week basis.
Looking at the year-on-year basis, some commodities experienced price decreases, with wheat flour (29.65%), chicken (19.77%), bananas (19.26%), cooking oil 5 liters (16.69%), vegetable ghee 2.5 kg (14.81%), vegetable ghee 1 kg (13.01%), mustard oil (8.77%), and tea packet (2.52%) being notable examples.
Conversely, certain commodities witnessed an increase in average prices on a year-on-year basis. These include gas charges for q1 (570.00%), onions (105.91%), tomatoes (72.60%), chili powder (54.81%), garlic (39.90%), salt powder (30.56%), shirting (30.52%), gents sandal (25.01%), pulse mash (23.85%), beef (23.21%), electricity charges for q1, and pulse gram (21.46%) each.
It is crucial for rice exporters and rice suppliers in Pakistan to keep an eye on these fluctuations to make informed decisions regarding their rice business in the country. For more information and competitive prices, visit [https://www.pakistanrice.com](https://www.pakistanrice.com) and [https://www.hasrice.com](https://www.hasrice.com), the leading Pakistan rice exporters and suppliers.
Source: [ARY News](https://arynews.tv)
