Pakistan's weekly inflation hits 19.82 percent

Weekly inflation records slight increase

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The inflation measured through the Sensitive Price Index (SPI) edged up recording a slight increase of 0.40% for the combined group for the week that ended on December 23, driven by an uptick in prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

Meanwhile, on a year-on-year basis, the SPI inflation recorded an increase of 19.83% — the highest ever yearly increase since January 2020.

The combined income group index went up from 168.16 points during the week that ended on December 16 to 168.83 points in the week under review.

According to the provisional figures released by the Pakistan Bureau of Statistics (PBS), the average prices of 23 essential items, including tomatoes, eggs, pulse masoor, and sugar etc., rose during the outgoing week.

Prices of five items, including potatoes, 200-gram chillies powder, onions, jaggery (g and a bag of wheat flour have declined. Meanwhile, the rates of 23 essential goods remained unchanged.

The bureau, in its weekly report, said that among food items, the tomatoes increased by 7.28%. Meanwhile, the prices of eggs increased by 2.95%.

Among non-food commodities, the price of men’s and women’s footwear has risen by 8-20% respectively.

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