According to Pakistan Bureau of Statistics (PBS) data released on Friday, inflation as assessed by the Sensitive Price Index (SPI) climbed by 0.82 percent from the previous week, primarily because of a slight increase in perishable food items.
The SPI had a 3.68 percent increase last week, the largest increase since the SPI’s base year was changed. At 3.38 percent on June 17, the weekly inflation rate saw its second-highest increase.
The SPI increased by 38.63% year over year, which is the largest rise ever recorded. This is the greatest year-over-year (YoY) rise ever noted. The cost of diesel was raised last week while the cost of petrol was somewhat decreased by the government. Costs during the following week will reflect how diesel has affected prices.
According to PBS data, 33 necessary food items saw an increase in price during the reviewed week compared to the week before.
The price of items are following:
In the non-food items, the price were following:
The SPI increased by 1.16pc for the lowest income group (i.e., people earning below Rs17,732 per month) and by 0.69pc for the group with a monthly income of above Rs44,175.
The YoY increase in prices of diesel was 109.15pc, onions 107.95pc, pulse masoor 106.71pc, petrol 88.94pc, cooking oil 5 litre 74.44pc, mustard oil 73.89pc, chicken 73.42pc, vegetable ghee 1 kg 72.26pc, vegetable ghee 2.5 kg 70.48pc, washing soap 62.62pc, pulse gram 59.07pc, electricity 52.61pc, gents sponge chappal 52.21pc, pulse mash 46.01pc and garlic 41.16pc.