The Sensitive Price Index (SPI) was used to calculate annual short-term inflation, which increased by 46.65% during the week ending March 22, the highest level ever recorded in the nation’s history, according to data released on Friday by the Pakistan Bureau of Statistics (PBS).
Food price increases led to the largest increase ever seen. During the time under consideration, there was a 1.80% increase in the weekly inflation rate.
The annual short-term inflation rate was 45.64% last week. 26 essential items had an increase in price during the week under review; 12 saw a decrease, and 13 saw no change.
- The rates of tomatoes increased by 71.77%
- Wheat flour by 42.32%
- Potatoes by 11.47%
- Bananas by 11.07%
- Branded tea by 7.34%
- Sugar by 2.70%
- Pulse maash by 1.57%
- Gur (jaggery) by 1.03% during the week.
The prices of items that declined included:
- Chicken meat, whose rate fell by 8.14%
- Powdered chillies by 2.31%
- LPG by 1.31%
- Mustard oil by 1.19%
- Garlic by 1.19%
- Cooking oil by 0.21%
- Pulse moong by 0.17%
- Pulse masoor by 0.15%
- Eggs by 0.03%.