Business

Weekly Inflation in Pakistan Increases After Four Straight Falls

The Sensitive Price Index (SPI)-based inflation for the week ended September 12, 2024, increased by 0.01 percent, according to the Pakistan Bureau of Statistics (PBS). 

During the week, out of 51 items, prices of 15 (29.41 percent) items increased, 14 (27.45 percent) items decreased, and 22 (43.14 percent) items remained stable. 

Some of the items, prices of which, increased during the period under review include tomatoes (6.62 percent), electricity charges for Q1 per unit (4.13 percent), chicken (3.77 percent), pulse gram (2.43 percent), garlic (2.24 percent), beef with bone (1.13 percent),  mutton (0.71 percent), milk fresh (0.11 percent), curd (0.10 percent), and rice basmati broken (0.01 percent). 

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YoY Trend Shows 14 Percent Increase

On the other hand, the year-on-year trend depicted an increase of 14.36 percent mainly due to increase in the prices of gas charges for Q1 (570 percent), onions (88.26 percent), pulse gram (55.76 percent), powered milk (25.72 percent), beef (25.28 percent), shirting (21.45 percent), chicken (20.10 percent), garlic (19.50 percent), pulse moong (17.05 percent), salt powder (15.94 percent). 

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Published by
Umer Tariq