Weekly Inflation Soars to 38% as Food and Fuel Prices Rise

According to the Pakistan Bureau of Statistics, the Sensitive Price Indicator (SPI)-based inflation for the week ending February 16, 2023, increased by 2.89 percent due to increases in the prices of food and non-food items (PBS).

The year on year trend shows an increase of 38.42 percent, primarily due to increases in the prices of onions (433.44 percent), chicken (101.86 percent), diesel (81.36 percent), eggs (81.22 percent), rice irri-6/9 (74.12 percent), rice basmati broken (73.05 percent), petrol (69.87 percent), pulse moong (67.98 percent), bananas (67.68 percent), tea lipton (63.89 percent), pulse gramme (56.and chillies powdered (7.42 percent).

According to the most recent PBS data released on Friday, the SPI for the week under review in the aforementioned group was 234.77 points, up from 228.17 points the previous week.

During the week, the prices of 34 (66.67 percent) of the 51 items increased, 05 (9.80 percent) decreased, and 12 (23.53 percent) remained stable.

The items with the highest average price increases over the previous week were petrol super (8.82%), cooking oil dalda or other similar brand (sn), 5 litre tin each (8.65%), and vegetable ghee dalda/habib or other superior quality (8.65%). 1 kg pouch each (8.02%), bananas (8.01%), chicken (7.49%), vegetable ghee dalda/habib 2.5 kg tin each (6.76%), hi-speed diesel (6.49%), cigarettes capstan (6.18%), rice irri-6/9 (3.56%), mustard oil (3.24%), plain bread (3.12%), potatoes (2.75%), cooked beef (2.71%), rice basmati broken (2.68%), cooked daal (2.03 percent),energy saver (1.75 percent), powdered milk nido (1.69 percent), curd (1.61 percent), sufi washing soap (1.58 percent), LPG (1.34 percent), pulse moong (0.90 percent), mutton (0.83 percent), beef with bone (0.74 percent), firewood whole 40 kg (0.72 percent), long cloth 57′′ gul ahmed/al karam (0.69 percent), milk fresh (0.62 percent), pulse masoor (0.06 percent).

Tomatoes (14.27 percent), onions (13.48 percent), eggs (4.24 percent), garlic (2.10 percent), and wheat flour bag 20 kg were among the commodities with price decreases (0.10).

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