The Year on Year inflation trend in Pakistan rises further

The Year on Year inflation trend in Pakistan rises further

The Sensitive Price Indicator (SPI) based inflation for the week ended December 8, recorded no change on average.

However, an increase was observed in the prices of food items including onions (8.74 percent), bananas (2.36 percent), rice basmati broken (2.22 percent), eggs (1.98 percent), sugar (1.17 percent) and non-food item LPG (2.47 percent), says the Pakistan Bureau of Statistics (PBS).

The year-on-year (YoY) trend depicts an increase of 30.66 percent mainly due to an increase in prices of onions (422.57 percent), diesel (64.57 percent, tea lipton (62.61 percent), salt powdered (57.35 percent), eggs (55.28 percent), petrol (53.85 percent), gents sponge chappal (52.21 percent, bananas (50.58 percent), tomatoes (49.04 percent), pulse gram (48.06 percent), pulse moong (45.44 percent), mustard oil (42.96 percent) and pulse mash (39.98 percent), while the decrease is observed in the prices of chillies powdered (40.90 percent), gur (4.76 percent) and electricity for q1 (2.67 percent).

The SPI for the week under review in the above-mentioned group was recorded at 218.52 points against 218.51 points registered in the previous week, according to the latest PBS data released on Friday.

During the week, out of 51 items, prices of 24 (47.06 percent) items increased, 08 (15.69 percent) items decreased and 19 (37.25 percent) items remained stable.