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Inflation in Pakistan reaches all time high of 46%

By IANS | Updated: March 26, 2023 19:50 IST

Islamabad, March 26 Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 ...

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Islamabad, March 26 Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 per cent year-on-year for the week ending on March 22, in comparison to last week 45.64's per cent YoY, as per data by Pakistan Bureau of Statistics (PBS), media reports said.

On a week-on-week basis, short-term inflation increased by 1.80 per cent as tomatoes, potatoes and wheat flour became costlier, Samaa TV reported.

The SPI for the current week ended on March 22 recorded increase of 1.80 per cent.

Major increase is observed in the prices of food items - tomatoes (71.77 per cent), wheat flour (42.32 per cent), potatoes (11.47 per cent), bananas (11.07 per cent), tea Lipton (7.34 per cent), pulse mash (1.57 per cent), tea prepared (1.32 per cent) and gur (1.03 per cent), and non-food items like georgette (2.11 per cent), lawn (1.77 per cent) and long cloth (1.58 per cent), Samaa TV reported.

On the other hand, decrease was observed in the prices of chicken (8.14 per cent), chillies powdered (2.31 per cent), LPG (1.31 per cent), mustard oil & garlic (1.19 per cent) each, pulse Gram & onions (1.06 per cent each), vegetable ghee 1 kg (0.83 per cent), cooking oil 5 litre (0.21 per cent), pulse moong (0.17 per cent), pulse masoor (0.15 per cent), and Eggs (0.03 per cent).

During the week, out of 51 items, prices of 26 (50.98 per cent) items increased, 12 (23.53 per cent) items decreased, and 13 (25.49 per cent) items remained stable, Samaa TV reported.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: pakistanislamabadPBSDhs punjab
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