Inflation measured by the Sensitive Price Index (SPI) rose sharply in the week that ended on August 18, climbing to a record 42.3 per cent year-on-year, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

Before this, the highest ever year-on-year increase in the SPI was 38.63pc, recorded for the week ending on August 5.

Latest data shows that the SPI rose by 3.35pc over last week, mainly because of higher food prices. The highest week-on-week increase in inflation was recorded at 3.68pc for the week that ended on July 28.

The SPI monitors prices of 51 essential items based on a survey of 50 markets in 17 cities of the country.

During the week under review, the prices of 25 out of 51 items increased, 11 decreased and 15 remained stable.


Highest week-on-week increase

  • Tomatoes: 20.28pc
  • Chicken: 7.57pc
  • Onions: 2.30pc
  • Powdered milk 2.03pc
  • Electricity (for the lowest income group): 6.83pc

Highest week-on-week decrease

  • LPG: 3.46pc
  • Vegetable ghee: 1.16pc
  • Garlic: 0.94pc
  • Mustard oil: 0.71pc
  • Pulse masoor: 0.42pc

Highest year-on-year increase

  • Pulse masoor: 111.02pc
  • Diesel: 108.77pc
  • Petrol: 94.53pc
  • Onions: 94.43pc
  • Cooking oil 72.96pc

The SPI increased week-on-week by 1.80pc for the lowest income group (i.e., people earning below Rs17,732 per month) and by 3.94pc for the group with a monthly income of above Rs44,175.

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

UNGA speech
25 Sep, 2022

UNGA speech

CRISES test a nation’s resilience but also provide opportunities to rise and move forward. Prime Minister Shehbaz...
Dar’s return
Updated 25 Sep, 2022

Dar’s return

Dar will now be expected by his party to conjure up fiscal space for the govt to start spending ahead of the next elections.
Iran hijab protests
25 Sep, 2022

Iran hijab protests

FOR over a week now, Iran has been witnessing considerable tumult after a young woman died earlier this month in the...
Post-flood economy
Updated 24 Sep, 2022

Post-flood economy

WITH a third of the country — especially Sindh and Balochistan — under water, over 33m people displaced, and...
Panadol shortage
24 Sep, 2022

Panadol shortage

FROM headaches to fever to bodily pain — paracetamol is used ubiquitously in Pakistan as the go-to remedy for most...
Star-struck cops
24 Sep, 2022

Star-struck cops

IN this age of selfies and social media, it is easy to get carried away in the presence of famous people, even if ...