Weekly inflation remained above 48 percent for the second week in a row, standing at 48.02 percent year on year (YoY) for the week ending May 11, 2023, according to data provided by the Pakistan Bureau of Statistics (PSB) on Friday.
The Sensitive Price Indicator (SPI)-based inflation for the week ending May 11, 2023, increased by 0.27 percent due to an increase in the cost of food and non-food products.
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Week-on-week change
Tomatoes (6.32 percent), Gur (3.41 percent), Wheat Flour (2.76 percent), Tea Prepared (2.66 percent), Potatoes (2.14 percent), Cooked Beef (2.12 percent), Cooked Daal (1.98 percent), Powdered Milk (1.91 percent), Eggs (1.83 percent), Rice Basmati Broken (1.42 percent), Pulse Masoor (1.19 percent), and Beef (1.18 percent) all saw significant price increases.
Onions (9.40 percent), Chicken (2.25 percent), LPG (1.51 percent), Garlic (1.39 percent), Bananas (0.68 percent), Pulse Gramme (0.13 percent), and Mustard Oil (0.05 percent) saw price decreases.
During the week, prices for 23 (45.09 percent) of the 51 items grew, 07 (13.73 percent) declined, and 21 (41.18 percent) were stable.
Year-on-year change
The year-on-year trend increased due to increases in the prices of cigarettes (140.15 percent), potatoes (112.80 percent), gas charges for Q1 (108.38 percent), tea Lipton (106.09 percent), wheat flour (101.20 percent), Gents Sponge Chappal (100.33 percent), diesel (99.39 percent), bananas (98.22 percent), rice basmati broken (90.76 percent), eggs (89.40 percent), petrol (87.81 percent), rice Irr
