ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 28.54 per cent on an annual basis in the week ending April 18, official data showed on Friday.

It was the lowest year-on-year increase after Sep 14, 2023.

However, it witnessed a 0.79pc week-on-week decl­i­ne despite a spike in petroleum prices.

The weekly inflation hit a record 48.35pc year-on-year in early May 2023, but then decelerated as low as 24.4pc in late Aug 2023 before surging past 40pc during the week ending on Nov 16, 2023.

The items whose prices increased week-on-week incl­uded potatoes (17.­07pc), tomatoes (12.67pc), chicken (11.60pc), lawn printed and shirting (3.55pc) each, garlic (2.88pc), diesel (2.87pc), beef (2.56pc), georgette (1.91pc), pulse mash (1.62pc), cooked beef (1.31pc) and sugar (1.10pc).

The items whose prices decreased the most over the previous week incl­uded wheat flour (8.97pc), bananas (8.67pc), electricity charges for Q1 (7.16pc), eggs (6.67pc), LPG (2.84pc), onion (1.40pc), chillies powder (1.31pc), cooking oil 5 litre (0.45pc), pulse masoor (0.43pc) and vegetable ghee 2.5 Kg (0.34pc).

However, on an annual basis, following items depict a rise included gas charges for Q1 (570pc), onions (155pc), tomatoes (126.94pc), chilies powder (83.62pc), gents sandal (66.71pc), garlic (65.96pc), gents sponge chappal (58.05pc), salt powder (31.87pc), chicken (30.91pc), energy saver (29.83pc), gur (27.99pc) and pulse mash (26.39pc).

In contrast, the prices of bananas dropped 35.20pc, cooking oil 5-litre (20.91pc), vegetable ghee 2.5kg (17.65pc), vegetable ghee 1 Kg (17.61pc), mustard oil (13.83pc), wheat flour (11.05pc), LPG (6.14pc), eggs (4.51pc) and diesel (0.85pc).

Published in Dawn, April 20th, 2024

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

Opinion

Editorial

Afghan puzzle
Updated 28 May, 2024

Afghan puzzle

Unless these elements are neutralised, it will not be possible to have the upper hand over terrorist groups.
Attacking minorities
28 May, 2024

Attacking minorities

Mobs turn into executioners due to the authorities’ helplessness before these elements.
Persistent scourge
28 May, 2024

Persistent scourge

THE challenge of polio in Pakistan has reached a new nadir, drawing grave concerns from the Technical Advisory Group...
Mercury rising
Updated 27 May, 2024

Mercury rising

Each of the country's leaders is equally responsible for the deep pit Pakistan seems to have fallen into.
Antibiotic overuse
27 May, 2024

Antibiotic overuse

ANTIMICROBIAL resistance is an escalating crisis claiming some 700,000 lives annually in Pakistan. It is the third...
World Cup team
27 May, 2024

World Cup team

PAKISTAN waited until the very end to name their T20 World Cup squad. Even then, there was last-minute drama. Four...