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Home Economy

Weekly inflation reaching a records, rises to 42.3pc

by Suneela Zulfiqar
August 19, 2022
in Economy
Reading Time: 2 mins read
Inflation spiked back up to 24.5pc in December
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According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, inflation increased significantly in the week that ended August 18, reaching a record 42.3 percent year-over-year.

Sensitive Price Indicator (SPI) data shows that inflation increased by 3.35 percent week over week, primarily due to increasing food prices. The week that concluded on July 28 saw the biggest weekly increase in inflation, 3.68 percent.

Based on a study of 50 markets in 17 cities across the nation, the SPI tracks the cost of 51 necessities. 25 out of 51 items had price increases during the week under review, 11 had price decreases, and 15 had unchanged pricing.


Highest week-on-week increase

  • Tomatoes: 20.28pc
  • Chicken: 7.57pc
  • Onions: 2.30pc
  • Powdered milk 2.03pc
  • Electricity (for the lowest income group): 6.83pc

Highest week-on-week decrease

  • LPG: 3.46pc
  • Vegetable ghee: 1.16pc
  • Garlic: 0.94pc
  • Mustard oil: 0.71pc
  • Pulse masoor: 0.42pc

Highest year-on-year increase

  • Pulse masoor: 111.02pc
  • Diesel: 108.77pc
  • Petrol: 94.53pc
  • Onions: 94.43pc
  • Cooking oil 72.96pc

The SPI increased week over week for the lowest income group (those making less than Rs17,732 per month) by 1.80 percent and by 3.94 percent for those making more than Rs44,175 per month.

Tags: latestPakistan Bureau of StatisticsSensitive Price IndicatorWeekly inflation
Suneela Zulfiqar

Suneela Zulfiqar

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