ISLAMABAD: The short-term inflation, measured by Sensitive Price Indicator (SPI), continues to rise with a year-on-year increase of 27.57 per cent for the week ending on Aug 17, Pakistan Bureau of Statistics (PBS) official data showed Friday.
On a week-on-week basis, the short-term inflation, rose 0.78pc, and shows no signs of slowing down, causing concern for economists and consumers alike.
According to data, the Combined Index was at 275.57 compared to 273.43 on August 10, 2023, while the index was recorded at 216.02 a year ago, on Aug 18, 2022.
Out of 51 items, the average price of 32 items increased, 7 items decreased, and 12 items remained stable.
During the week under review, the items whose prices increased the most over the same week a year ago were: Chillies Powder (7.58%), Rice Irri-6/9 (7.48%), Garlic (5.06%), Sugar (4.02%), Gur (3.23%), Rice Basmati Broken (3.06%), Chicken (2.83%) and Bananas (2.72%), non-food items, Diesel (7.29%) and Petrol (6.40%).
Read more: Pakistan’s short-term inflation increases by 0.20pc
On the other hand, the decrease was observed in the prices of Tomatoes (13.60%), Cooking Oil 5 litre (1.65%), Vegetable Ghee 2.5 kg (0.85%), Vegetable Ghee 1 kg (0.43%), Firewood (0.42%), Mustard Oil (0.23%) and Wheat Flour (0.19%).
KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…
ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…
KOHAT: A residential house collapsed due to heavy rain in the Malgin area of Lachi…
ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…
DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…
ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…