Weekly inflation sees consecutive increase, PBS

ISLAMABAD: The Pakistan Bureau of Statistics (PBS) issued data on Friday in which inflation was measured by the Sensitive Price Index (SPI) stated an upsurge of 1.07 percent for the week ended on November 18 driven by a sharp rise in the prices of essential food items.

The PBS data displayed that inflation increased for the sixth consecutive week.

The lowest income group making below Rs17,732 per month, the SPI amplified by 0.39pc. For the group earning above Rs44,175, it rose by 1.44pc.

The escalation in prices of daily essential items including chicken 8.26pc, cooking oil 5 litre 4.72pc, bananas 4.18pc, washing soap 3.94pc, vegetable ghee 2.5 kg 3.15pc, vegetable ghee 1 kg 2.38pc, rice irri 1.76pc, pulse moong 1.62pc, eggs 1.52pc, fire wood 1.24pc and tea prepared 1.21pc.

The items which faced decreased in prices during the week included tomatoes 5.77pc, sugar 4.25pc, onions 2.14pc, gur 1.48pc, potatoes 1.36pc, pulse masoor 0.43pc, garlic 0.13pc, wheat flour 0.08pc, LPG 0.08pc and pulse gram 0.02pc.

During the week, out of 51 items, prices of 27 items incr­eased 10 items decreased and 14 items remained constant.