The Sensitive Price Index (SPI)-based inflation for the week ended August 8, 2024, increased by 0.30 percent mainly due to increase in the prices of onions (32.23 percent), eggs (4.28 percent), garlic (3.23 percent), LPG (1.73 percent), pulse mash (0.97 percent), pulse gram (0.95 percent) and chicken (0.52 percent), according to the Pakistan Bureau of Statistics (PBS).
During the week, out of 51 items, prices of 23 (45.10 percent) items increased, 7 (13.72 percent) items decreased and 21 (41.18 percent) items remained stable.
The year-on-year trend depicted an increase of 17.96 percent mainly due to increase in the prices of gas charges for q1 (570 percent), onions (142.48 percent), pulse gram (42.23 percent), pulse moong (29.62 percent), garlic (28.93 percent), powered milk (27.68 percent), beef (23.11 percent), salt powder (21.05 percent), pulse mash (18.68 percent), cooked daal (17.78 percent), energy saver (17.21 percent) and long cloth (16.64 percent), while major decrease was observed in the prices of wheat flour (33.37 percent), tomatoes (18.09 percent), electricity charges for Q1 (16.91 percent), cooking oil 5 litre (12.61 percent), chilies powder (11.55 percent), vegetable ghee 2.5 kg (9.79 percent), vegetable ghee 1 kg (7.44 percent), mustard oil (5.91 percent), rice basmati broken (5.71 percent), petrol (1.20 percent), diesel (0.16 percent) and washing soap (0.12 percent).
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The inflation is not short term and the people with knowledge knows that sbp played with the figures and economy on papers and results can be seen in the consumer market without any effort.
IN BOOKS AL IS RIGHT BUT IF U VISIT MARKET (SABZI / FRUIT MANDI) THAN U SAW THE ACTUAL RATES R SO HIGH THAN PBS REPORT.