The yearly short-term inflation rose by 46.65% – highest ever in the country’s history – measured on the basis of the Sensitive Price Index (SPI) during the week that ended on March 22, the Pakistan Bureau of Statistics (PBS) on Friday reported.
The highest-ever increase was recorded on account of the rising food prices. The weekly inflation witnessed a hike of 1.80% during the period under review.
Last week, the yearly short-term inflation stood at 45.64%. During the week under review, the prices of 26 essential items went up, 12 declined and 13 remained unchanged.
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%, and Gur (jaggery) by 1.03% during the week.
The prices of items the prices of which declined included chicken meat the rate of which 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%, and eggs by 0.03%.
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