[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]According to figures provided by the Pakistan Bureau of Statistics (PSB) on Thursday, weekly inflation rose to 47.23 percent on a year-over-year (YoY) basis for the week that ended on April 19, 2023, breaking the 40 percent barrier for the ninth consecutive week.
Due to an increase in the cost of both food and non-food goods, the Sensitive Price Indicator (SPI)-based inflation rate for the week ending April 19, 2023, increased by 0.51 percent from the previous week.
Weekly change:
There was a significant increase in the cost of food items such as potatoes (3.79%), tea Lipton (3.61%), gur (3.40%), bread (2.48%), chicken (2.00%), bananas (1.68%), rice basmati broken (1.54%), and rice irri-6/9 (1.22%) as well as non-food items such as LPG (4.75%), petrol (3.67%), and matchbox (2.51%).
Tomatoes (down 13.11%), onions (down 4.62%), garlic (down 3.59%), sugar (down 1.52%), wheat flour (down 0.93%), mustard oil (down 0.56%), cigarettes (down 0.26%), and pulse gramme (down 0.22%) were among the items with a decrease in price.
Out of 51 items, 29 (56.86 percent) saw price increases during the week, 8 (15.69 percent) saw price decreases, and 14 (27.45 percent) saw unchanged prices.
Also Read:Â First International Conference on Islamic Capital Markets will be Hosted by SECP and AAOIFI in May.
Yearly variation:
The price of cigarettes increased by 151.45% percent, wheat flour by 143.88 percent, gas prices for the first quarter by 108.38 percent, tea Lipton by 104.28 percent, diesel by 102.84 percent, potatoes by 98.74 percent, bananas by 98.42 percent, eggs by 97.80 percent, petrol by 87.81 percent, rice basmati broken by 87.30 percent, rice Irri-6/9 by 83.52 percent.[/vc_column_text][/vc_column][/vc_row]
