On a weekly basis, short-term inflation rose 1.80% as tomatoes, potatoes and flour became more expensive
Published Date – Sunday, 3/26/23 at 10:30pm
Islamabad: Short-term inflation, as measured by the Sensitive Price Index (SPI), hit a record high of 46.65 percent in the week ended March 22, compared with 45.64 percent year-on-year in the previous week, media reports said, according to the Pakistan Bureau of Statistics (PBS).
Short-term inflation rose by 1.80 percent on a weekly basis due to higher prices of tomatoes, potatoes and wheat flour, Samaa TV reported.
The SPI recorded a gain of 1.80% for the week ended March 22.
Food prices increased significantly – tomatoes (71.77%), wheat flour (42.32%), potatoes (11.47%), bananas (11.07%), lipton tea (7.34%), soya milk (1.57%), tea (1.32%) and gur (1.03%), and non-food items such as georgette (2.11%), lawn (1.77%) and long cloth (1.58%), Samaa TV reported.
On the other hand, chicken (8.14%), paprika (2.31%), petroleum gas (1.31%), mustard oil and garlic (1.19%), beans and onions (1.06% each), vegetable ghee 1 kg (0.83 %), cooking oil 5 liters (0.21%), beans (0.17%), beans masoor (0.15%) and eggs (0.03%).
This week, out of 51 commodities, 26 (50.98%) prices increased, 12 (23.53%) prices fell and 13 (25.49%) prices remained stable, Samaa TV reported.
The year-on-year trend shows an increase of 46.65%, onions (228.28%), cigarettes (165.88%), wheat flour (120.66%), gas expenses in the first quarter (108.38%), diesel (102.84%), Lipton tea (94.60%), bananas ( 89.84%), Irri-6/9 rice (81.51%), basmati crushed rice (81.22%), gasoline (81.17%), eggs (79.56%), pulse moong (68.64%), potatoes (57.21%) and pulse mash (56.46%), while paprika (9.56%) saw a drop in price.
