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Home Breaking News

Weekly inflation jumps to 29.21pc

byCT Report
27/07/2023
in Breaking News, Business, Latest News
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KARACHI: The weekly inflation, measured by Sensitive Price Indicator (SPI), increased by 3.73 per cent on a year-on-year basis for the week ending on July 26, Pakistan Bureau of Statistics (PBS) official data showed Thursday.

The SPI for the week under review in the above-mentioned group was recorded at 258.45 points as compared to 258.63 points during the past week, according to the PBS data.

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During the week, out of 51 items, prices of 20 (39.22%) items increased, 07 (13.73%) items decreased and 24 (47.05%) items remained stable.

The items, which recorded an increase in their average prices on a week-on-week (WoW), included Chillies Powder (28.98%), tomatoes (19.71%), Eggs (4.77%), LPG (4.12%), Garlic (3.09%), Onion (2.58%), Gur (2.18%) and Potatoes (2.09%), non-food items, Electricity charges for Q1 (20.98%), and LPG (4.12%).

On the other hand, the items, which recorded a decrease in their average prices on a week-on-week (WoW), included Bananas (5.36%), Sugar (1.15%), Vegetable Ghee 2.5 kg (0.93%), Cooking Oil 2.5 kg (0.89%), Vegetable Ghee 1 kg (0.72%), Wheat Flour (0.17%) and Pulse Moong (0.16%).

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