March 27, 2023
1 min read

Pak inflation reaches all time high of 46%

On a week-on-week basis, short-term inflation increased by 1.80 per cent as tomatoes, potatoes and wheat flour became costlier…reports Asian Lite News

Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 per cent year-on-year for the week ending on March 22, in comparison to last week 45.64’s per cent YoY, as per data by Pakistan Bureau of Statistics (PBS), media reports said.

On a week-on-week basis, short-term inflation increased by 1.80 per cent as tomatoes, potatoes and wheat flour became costlier, Samaa TV reported.

The SPI for the current week ended on March 22 recorded increase of 1.80 per cent.

Major increase is observed in the prices of food items – tomatoes (71.77 per cent), wheat flour (42.32 per cent), potatoes (11.47 per cent), bananas (11.07 per cent), tea Lipton (7.34 per cent), pulse mash (1.57 per cent), tea prepared (1.32 per cent) and gur (1.03 per cent), and non-food items like georgette (2.11 per cent), lawn (1.77 per cent) and long cloth (1.58 per cent), Samaa TV reported.

On the other hand, decrease was observed in the prices of chicken (8.14 per cent), chillies powdered (2.31 per cent), LPG (1.31 per cent), mustard oil & garlic (1.19 per cent) each, pulse Gram & onions (1.06 per cent each), vegetable ghee 1 kg (0.83 per cent), cooking oil 5 litre (0.21 per cent), pulse moong (0.17 per cent), pulse masoor (0.15 per cent), and Eggs (0.03 per cent).

During the week, out of 51 items, prices of 26 (50.98 per cent) items increased, 12 (23.53 per cent) items decreased, and 13 (25.49 per cent) items remained stable, Samaa TV reported.

The year on year trend depicts increase of 46.65 per cent, onions (228.28 per cent), cigarettes (165.88 per cent), wheat flour (120.66 per cent), gas charges for Q1 (108.38 per cent), diesel (102.84 per cent), tea Lipton (94.60 per cent), bananas (89.84 per cent), rice Irri-6/9 (81.51 per cent), rice Basmati broken (81.22 per cent), petrol (81.17 per cent), eggs (79.56 per cent), pulse moong (68.64 per cent), potatoes (57.21 per cent) and pulse mash (56.46 per cent), while decrease is observed in the price of chillies powdered (9.56 per cent).

ALSO READ: Pakistan court sentences man to death for blasphemy

Previous Story

Hindus among healthiest in Britain, reveals census data

Next Story

Sunak dials Harry Kane, hails him as ‘all time great’

Latest from -Top News

Industry Hails India-UK FTA

£34 billion boost, sweeping tariff cuts and market access mark UK’s most ambitious post-Brexit trade pact; Indian sectors set for exports surge…reports Asian Lite News Business leaders from both India and the

India, UK Sign Landmark FTA

The pact is set to make imported goods like Scotch whisky, gin, luxury cars, cosmetics, and medical devices more affordable for Indian consumers….reports Asian Lite News In a landmark moment for India-UK

Farmers Win Big in India-UK FTA

There is a massive gain for rural India and exporters with zero duty on processed foods compared with up to 70 per cent earlier….reports Asian Lite News The India-UK Free Trade Agreement

Modi-Starmer Meet Ahead of FTA Signing

During the discussions, the two sides will also review the progress of the Comprehensive Strategic Partnership (CSP)…reports Asian Lite News Prime Minister Narendra Modi on Thursday called on Keir Starmer at the

Hindu Temple Vandalised in Melbourne

Confirming the incident, Victoria Police mentioned they are investigating “four linked incidents in Boronia,” including the temple and two restaurants….reports Asian Lite News In a deeply disturbing incident of racial violence, a
Go toTop

Don't Miss

Tax on farm income; Pakistan succumbs to IMF

The proposal has been discussed between Pakistan and the IMF

Pakistan, China mull extending CPEC to Afghanistan

“In the context of regional connectivity, both sides exchanged views