Friday, November 1, 2024

Weekly Inflation Surges to All-Time High of 45.5%

Sensitive Price Index (SPI) measured Inflation raised to an all time high in the week ended on September 1, jumped to 45.5% YoY basis. However, more than 200% increase in the rates of tomatoes and onions and higher fuel prices.

Earlier, the highest year-on-year weekly inflation was recorded as 44.58pc in the last week.

PBS (Pakistan Bureau of Statistics) shared the latest data reflected that inflation increased as 1.31pc week over week.

Whereas, the SPI reviews 51 essential prices based on a survey of 50markets in 17 cities of Pakistan.

According to PBS, during the week being monitored, the 31 item prices increased while 3 items decreased and 17 remained the same.

Highest week-on-week rise:

Onions: 42.17pc.
Tomatoes: 13.25pc.
Pulse Moong: 7.94pc.
Potatoes: 6.97pc.
LPG: 4.45pc.

Highest year-on-year rise:

Onions: 240.15pc.
Tomatoes: 219.99pc.
High speed diesel: 114.08pc.
Petrol: 98.73pc.
Pulse Masoor: 82.44pc.

Week-on-week decline:

Vegetable ghee 1kg: 0.76pc.
Vegetable ghee 2.5kg: 0.41pc.
Pulse Masoor: 0.34pc.

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