Weekly Inflation Climbs Due to Rising Food Prices

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Hassan Khan

Weekly Inflation Climbs Due to Rising Food Prices

The Sensitive Price Index (SPI)-based inflation for the week ending September 26, 2024, has recorded a slight increase of 0.05 percent, as reported by the Pakistan Bureau of Statistics (PBS).

Key Highlights:

  • Out of 51 monitored items:
  • 16 items (31.37%) saw price increases.
  • 9 items (17.65%) experienced price decreases.
  • 26 items (50.98%) maintained stable prices.

Read More: Weekly inflation increases by 0.01%, with the annual rate hitting 14.36%

Notable Price Increases:

During the review period, the following items recorded significant price hikes:

  • Tomatoes: +5.78%
  • Onions: +5.49%
  • Pulse Gram: +1.01%
  • Potatoes: +0.94%
  • Gur (jaggery): +0.82%
  • Firewood (whole 40 kg): +0.64%
  • Cooked Daal: +0.47%
  • Curd: +0.32%
  • Milk (fresh): +0.26%
  • Chicken: +0.25%
  • Beef (with bone): +0.24%
  • LPG: +0.15%
  • Rice (Irri-6/9): +0.14%
  • Rice (Basmati broken): +0.11%
  • Vegetable Ghee (Dalda/Habib, 2.5 kg tin): +0.07%
  • Garlic: +0.01%

Year-on-Year Inflation Trends:

Comparing year-on-year, the SPI has increased by 12.80%, driven primarily by the following factors:

  • Gas charges for Q1: +570%
  • Pulse Gram: +60.21%
  • Onions: +51.72%
  • Tomatoes: +34.34%
  • Beef: +25.61%
  • Powdered Milk: +25.41%
  • Shirting: +20.17%
  • Chicken: +17.07%
  • Cooked Daal: +15.97%
  • Salt Powder: +15.38%
  • Georgette: +13.78%
  • Energy Saver: +12.87%

This data reflects the ongoing challenges in managing inflation in Pakistan, particularly concerning essential commodities.

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