Islamabad: According to data made public by the Pakistan Bureau of Statistics (PSB) on Friday, high gas and electricity prices caused the weekly inflation rate to rise to 38% year over year (YoY) for the fourth consecutive week. As of October 12, 2023, the Sensitive Price Index (SPI) had climbed by 0.30% over the previous week. After five weeks, this is the second-highest gain.
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As per the report, the week-on-week increase was because of an increase in rates of:
- Tomatoes (6.28%)
- Eggs (3.48%)
- Salt Powdered (2.75%)
- Cooked Beef (1.06%)
- Garlic (1.04%)
- Tea Prepared (0.73%)
- Beef (0.39%)
- Potatoes (0.35%)
- Electricity Charges for Q1 (8.59%)
- LPG (0.31%)
Furthermore, a decrease was observed in the rates of the following:
- Sugar (4.47%)
- Pulse Gram (2.75%)
- Bananas (2.47%)
- Pulse Moong (2.44%)
- Gur (1.93%)
- Chicken (1.69%)
- Rice IRRI-6/9 (1.46%)
- Pulse Masoor (1.26%)
During the week, out of 51 items:
- Rates of 17 items increased to (33.33%)
- The rates of the other 17 (33.33% items decreased)
- The other 17 (33.33%) items remained the same and stable
In addition, the year-on-year trend showed an increase because of the increase in the rates of the following:
- Electricity Charges for Q1 (136.89%)
- Gas Charges for Q1 (108.38%)
- Cigarettes (95.36%)
- Rice Basmati Broken (86.21%)
- Chilies Powder (84.84%)
- Wheat Flour (79.28%)
- Rice Irri-6/9 (75.98%)
- Sugar (71.87%)
- Gur (65.09%)
- Salt Powdered (60.78%)
- Tea Lipton (58.75%)
While a decrease was observed in the rates of the following:
- Tomatoes (43.53%)
- Onions (16.67%)
- Pulse Gram (4.01%)
- Mustard Oil (1.19%)
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