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Home Business & Stock

Weekly inflation surges 29pc on a year-on-year

MM News Staff by MM News Staff
December 24, 2022
Reading Time: 2 mins read

KARACHI: The Pakistan Bureau of Statistics (PBS)  has released data showing an increase of almost 29 percent in weekly inflation for the combined income group on a year-on-year basis ending Dec 22 due to a massive surge in prices of both food and non-food items. However, the Sensitive Price Indicator (SPI) based inflation for the week ended December 22 showed a decline of 0.11 percent on week on week basis.

Also read: Weekly inflation surges to all-time high of 45.5%

The year-on-year trend depicts an increase of 28.76 percent mainly due to increase in the prices of onions (482.30 percent), chicken (67.42 percent), tea Lipton (65.41 percent), diesel (65.05 percent), petrol (52.19 percent), salt powdered (51.99 percent), bananas (47.95 percent), pulse moong (47.13 percent), eggs (47.07 percent), pulse gram (45.24 percent) and mustard oil (40.97 percent), while decrease is observed in the prices of chillies powdered (37.98 percent), tomatoes (13.67 percent), electricity for q1 (11.81 percent) and gur (2.32 percent).

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Also read: Weekly inflation rate reaches to all-time high of 42.3%

The PBS report released the other day, shows  decline, on week on week basis, in the prices of food items including tomatoes (23.85 percent), potatoes (10.53 percent), eggs (1.54 percent), sugar (1.04 percent) and non-food items including petrol (4.45 percent), diesel (3.20 percent) and LPG (0.23 percent).

The items, which recorded increase in their average prices during the week over previous include chicken (9.86 percent), pulse masoor (2 percent), tea Lipton Yellow Label 190 gm packet each (1.72 percent), rice irri-6/9 (1.15 percent), wheat flour bag 20 kg (1.12 percent), rice basmati broken (0.98 percent), maash (0.87 percent), pulse gram (0.68 percent), cooked beef (0.57 percent), curd (0.52 percent), cooked daal (0.50 percent), tea prepared (0.43 percent), milk fresh (0.40 percent), mutton (0.39 percent), gur (0.37 percent), moong (0.36 percent), energy saver (0.35 percent), long cloth 57” Gul Ahmed/Al Karam (0.33 percent), firewood whole 40 kg (0.06 percent) and powdered milk Nido (0.05 percent).

Also read: Weekly inflation rate rises to 30.62%

The commodities, which recorded a decrease in their average prices included tomatoes (23.85 percent), potatoes (10.53 percent), petrol super (4.45 percent), hi-speed diesel (3.20 percent), eggs (1.54 percent), sugar (1.04 percent), bananas (0.80 percent), vegetable ghee Dalda/Habib or other superior quality 1 kg pouch each (0.53 percent), onions (0.39 percent), garlic (0.35 percent), LPG (0.23 percent), vegetable ghee Dalda/Habib 2.5 kg tin each (0.22 percent), mustard oil (0.08 percent) and cooking oil Dalda or other similar brand (sn), 5 litre tin each (0.05 percent).

The commodities, prices of which, remained unchanged included bread plain (small size), beef with bone, salt powdered (National/Shan), chilies powder National 200 gm packet, cigarettes Capstan, shirting, lawn printed Gul Ahmed/Al Karam, Georgette, gents sandal Bata pair, gents sponge chappal Bata pair, ladies sandal bata pair, electricity charges, gas charges, Sufi washing soap, match box, telephone call charges, and toilet soap.

 

 

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