Inflation in Pakistan peaks at 38.28% on a weekly basis
Published on: October 13, 2023.
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Inflation Slightly Up According to Sensitive Price Indicator
According to the most recent report by the Pakistan Bureau of Statistics (PBS), the weekly inflation as measured using the Sensitive Price Indicator (SPI) showed an increase of 0.30 per cent for the week that ended on October 12.
The SPI for the observed group was posted at 282.86 points, a slight increase from the 282.00 points recorded the previous week.
Of the 51 commodities under review, 17 registered an increase in price, another 17 saw a decrease, and the prices for the remaining 17 remained stable during the week.
Weekly Price Fluctuations
Prices for several commodities witnessed a decrease, including sugar (4.47%), pulse gram (2.75%), bananas (2.47%), pulse moong (2.44%), gur (1.93%), chicken (1.69%), irri 6 rice price (1.46%), and pulse masoor (1.26%).
On the flip side, several items saw a price increase during the week. This list includes tomatoes (6.28%), eggs (3.48%), salt powdered (2.75%), cooked beef (1.06%), garlic (1.04%), tea prepared (0.73%), beef (0.39%), potatoes (0.35%), electricity charges for Q1 (8.59%), energy server (0.55%), shirting (0.47%), and LPG (0.31%).
Year-on-Year Price Differences
When examined on a year-on-year basis, commodities such as tomatoes (43.53%), onions (16.67%), pulse gram (4.01%), and mustard oil (1.19%) all experienced a decrease in their prices.
Source: ARY News
