Pakistan’s weekly inflation accelerates to 28.5pc

The weekly inflation rate, as assessed by the Sensitive Price Indicator (SPI), increased by 0.70 percentage points to 28.55 percentage point year on year for the week ending June 6, according to official data.

This is the lowest percentage since October 20, 2022, when SPI inflation was 27.1 percent, according to Topline Securities.

Short-term inflation reached an all-time high of 48.35 percent in the four weeks ending May 4.

Prices of 24 (47.06 percent) products climbed throughout the week, 10 (19.61 percent) items declined, and 17 (33.33 percent) items were unchanged.

The items, which recorded an increase in their average prices during the week over the previous include tomatoes (42.25 percent), onions (8.70 percent), potatoes (4.79 percent), wheat flour bag 20 kg (4.05 percent), gur (4.01 percent), sugar (3.48 percent), shirting (3.02 percent), hi-speed diesel (2.95 percent), garlic (1.90 percent), matchbox each (1.66 percent), curd (1.43 percent), pulse mash (1.29 percent), milk fresh (1.20 percent), rice irri-6/9 (0.74 percent), rice basmati broken (0.67 percent), mustard oil (0.59 percent), tea prepared (0.56 percent), long cloth 57″ Gul Ahmed/Al Karam (0.51 percent), mutton (0.40 percent), beef with bone (0.39 percent), toilet soap (0.24 percent), powdered milk Nido 390 gm polybag each (0.13 percent), georgette (0.08 percent) and cooked daal (0.04 percent).

The items, which recorded a decrease in their average prices during the week over the previous include bananas (7.51 percent), chicken (2.80 percent), eggs (1.17 percent), LPG (0.96 percent), vegetable ghee Dalda/Habib 2.5 kg tin each (0.74 percent), cooking oil Dalda or other similar brands (sn), 5 liter tin each (0.72 percent), vegetable ghee Dalda/Habib or other superior quality 1 kg pouch each (0.81 percent), pulse masoor (0.47 percent), pulse moong (0.31 percent) and pulse gram (0.24 percent).