Islamabad: Weekly inflation in Pakistan surged by 0.35% on a week-on-week basis, the Pakistan Bureau of Statistics (PBS) said in a report on Friday.
According to the Bureau’s report on weekly inflation, during the week that ended on October 20, the SPI (Sensitive Price Index)-based inflation recorded an increase of 0.35%.
It said that during the week, out of 51 items, prices of 23 (45.10%) items increased, 14 (27.45%) items decreased, while 14 (27.45%) items remained stable.
A major increase was observed in the prices of the following food and non-food items: salt powder (4.84%), bananas (3.79%), tomatoes (2.63%), powdered milk (2.22%), tea Lipton (1.24%), milk fresh (1.23%), cooked beef (1.21%) and rice IRRI-6/9 (1.02), long cloth (2.21%), Georgette (1.90%), firewood (1.57%) and shirting (1.33%).
On the other hand, a decrease was observed in the prices of pulse masoor (3.63%), chicken (3.49%), wheat flour (1.95%), potatoes (1.88%), pulse mash (1.74%), pulse moong (1.13%) and LPG (0.45%).
The year-on-year trend depicts an increase of 27.13%, Onions (170.15%), Tomatoes (113.23%), Diesel (74.51%), Pulse Gram (68.02%), Petrol (62.75%), Pulse Masoor (56.88%), Cooking Oil 5 liter (56.31%), Washing Soap (55.36%), Pulse Moong (53.66%), Vegetable Ghee 2.5 Kg (53.29%), Mustard Oil (53.19%), Pulse Mash (52.72%), Gents Sponge Chappal (52.21%) and Vegetable Ghee 1 Kg (49.94%), while decrease observed in the prices of Electricity for Q1 (45.61%), Chillies Powder (41.85%), Sugar (12.99%) and Gur (2.66%).
The Sensitive Price Indicator (SPI) is computed on a weekly basis to assess the price movements of essential commodities at a shorter interval of time so as to review the price situation in the country. It comprises 51 essential items collected from 50 markets in 17 cities of Pakistan.