Inflation rate touches 15.21% in Pakistan

ISLAMABAD (92 News) – The inflation rate has touched 15.21 percent in the country, said the Pakistan Bureau of Statistics on Friday.

The Sensitive Price Indicator (SPI), which is computed on weekly basis to assess the price movements of essential commodities at shorter interval of time so as to review the price situation, shows the current week recorded an increase of 0.67%.

Increase in the prices of tomatoes (19.23%), sugar (5.32%), mustard oil (3.74%), LPG (3.23%), vegetable ghee 1kg (2.86%), washing soap (2.66%), banana (2.08%), eggs (2.05%), potatoes (1.73%) and rice irri-6/9 (1.28%) was observed with joint impact of (0.71%) into the overall spi for combined group of (0.67%).

On the other hand, a decrease has been observed in the prices of onions (3.12%), chicken (2.06%) and pulse moong (0.39%).

During the week, out of 51 items, prices of 28 (54.90%) items increased 03 (5.88%) items decreased and 20 (39.22%) items remained stable.

The year on year trend depicts increase of 15.21%, LPG (74.70%), electricity for Q1 (65.91%), mustard oil (53.39%), vegetable ghee 1 kg (48.74%), cooking oil 5 litre (43.12%), petrol (34.18%), chilies powdered (33.43%), washing soap (30.77%), diesel (29.93%), wheat flour bag (21.67%), beef (20.11%), garlic (19.45%) and chicken (18.13%), while major decrease observed in the prices of onions (41.63%), pulse moong (31.20%), potatoes (20.62%), tomatoes (15.69%) and pulse mash (0.76%).