Weekly inflation spikes to 44.49pc: PBS

Business Apr, 8 2023
Weekly inflation spikes to 44.49pc: PBS
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ISLAMABAD: Weekly inflation measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.92 percent to jump to 44.49 percent on year-on-year basis for week ended on April 6, according to report issued by Pakistan Bureau of Statistics (PBS). Combined index was at 252.06 compared to 249.75 on March 30, 2023, while index was recorded at 174.45 a year ago, on April 7, 2022.

Out of 51 monitored items, average price of 27 items increased, 7 items decreased whereas 17 items registered no change during week. During week under review, items whose prices increased most compared to previous year were chicken (15.87%), sugar (13.48%), potatoes (5.11%) and bananas (4.95%). PBS data noted decrease in prices of tomatoes (14.96%), onions (12.66%), LPG (3.73%), pulse gram (1.20%), vegetable ghee 2.5 Kg (0.71%), garlic (0.16%) and mustard oil (0.03%).

Items whose prices increased most over same week year ago were cigarettes (165.88%), wheat flour (131.72%), gas charges for Q1 (108.38%), diesel (102.84%), eggs (98.34%), tea Lipton (97.63%), rice basmati broken (84.92%), bananas (82.23%), petrol (81.17%), rice Irri-6/9 (80.61%), pulse moong (68.14%), potatoes (65.95%), pulse mash (56.70%) and onions (55.75%), while decrease is observed in prices of tomatoes (50.39%) and chillies powdered (6.48%).

Published in The Daily National Courier, April, 08 2023

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