Inflation up on sharp increase in food prices

Published October 30, 2021
Residents wearing facemasks buy vegetables at a market in Islamabad. — AFP/File
Residents wearing facemasks buy vegetables at a market in Islamabad. — AFP/File

ISLAMABAD: Inflation measured through Sensitive Price Index (SPI) posted an increase of 1.23 per cent for the week ended on Oct 28 driven by a sharp rise in the prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

This is the fourth consecutive week that witnessed an upward increase. In Septem­ber, the highest jump of 1.3pc in weekly inflation was recorded.

For those earning below Rs17,732 per month, the SPI increased by 1.29pc and for the group earning above Rs44,175, it rose by 1.4pc. This was due to an increase in prices of essential items including tomatoes 11.42pc, potatoes 6.05pc, LPG 3.89pc, sugar 3.74pc, eggs 3.16pc, electricity 2.98pc, mustard oil 1.39pc, gur 1.36pc and chic­ken 1.09pc.

The items whose prices decreased during the week included onions 5.49pc, bana­nas 3.51pc, pulse moong 0.80pc and garlic 0.38pc. Also, out of 51 items, prices of 25 items increased, four items decreased and 22 items remained constant.

Published in Dawn, October 30th, 2021

Opinion

Editorial

Updated 21 May, 2022

Band-aid measure

A more pronounced impact would have been possible had the cap on energy prices been removed.
21 May, 2022

Bilawal’s defence

BILAWAL Bhutto-Zardari’s robust defence at the UN headquarters of former prime minister Imran Khan’s Feb 24 trip...
21 May, 2022

Yasin Malik’s conviction

THE conviction of veteran Kashmiri freedom fighter and head of the Jammu Kashmir Liberation Front Yasin Malik by an...
Updated 20 May, 2022

TTP peace talks

ANOTHER attempt to sue for peace with the outlawed TTP is being made, again facilitated by the Afghan Taliban that...
20 May, 2022

Beyond the law

THE senior judiciary should take care not to overreach in its zeal to ‘fix’ issues it ideally need not worry...
20 May, 2022

Political musical chairs

YET another political crisis is brewing in Balochistan, where old rivals Jam Kamal Khan Alyani and Sardar Yar...