BuzzingBuzz.com

"Your Daily Dose of Buzzworthy Content!"

Weekly inflation increased by 0.92 percent in Pakistan

ByTeam BB

Apr 7, 2023



Consumer prices witnessed an increase in the outgoing week on the back of wheat flour, gas, diesel, eggs, onion, rice, cigarettes and bananas, taking the weekly inflation to 44.49% on an annual basis, the official data showed on Friday.

The short-term inflation, measured by Sensitive Price Indicator (SPI), for the current week ended on April 6, 2023 recorded an increase of 0.92%, said Pakistan Bureau of Statistics (PBS) in its report.

A major increase was observed in the prices of food items, including chicken (15.87%), sugar (13.48%), potatoes (5.11%), bananas (4.95%), wheat flour (3.10%), gur (2.12%), eggs (1.26%), milk fresh (1.24%) and non-food item, long cloth (1.95%).

On the other hand, decrease was observed in the prices of tomatoes (14.96%), onions (12.66%), LPG (3.73%), pulse gram (1.20%), vegetable ghee 2.5 Kg (0.71%), garlic (0.16%) and mustard oil (0.03%).

During the week, out of 51 items, prices of 27 (52.94%) items increased, 07 (13.73%) items decreased and 17 (33.33%) items remained stable.

The year-on-year trend depicted an increase of 44.49%. The increase was witnessed in prices of cigarettes (165.88%), wheat flour (131.72%), gas charges for Q1 (108.38%), diesel (102.84%), eggs (98.34%), tea Lipton (97.63%), rice basmati broken (84.92%), bananas (82.23%), petrol (81.17%), rice irri-6/9 (80.61%), pulse moong (68.14%), potatoes (65.95%), pulse mash (56.70%) and onions (55.75%).

However, the prices of tomatoes (50.39%) and chillies powdered (6.48%) were declined in the outgoing week.



Source link