Weekly inflation remains more than 28%.

Web DeskJuly 15, 2023
Weekly inflation remains more than 28%.

ISLAMABAD: Short-term inflation, as measured by the Sensitive Price Index (SPI), increased by 28.96% year on year for the week ending July 13, according to official statistics issued on Friday.

Inflation has remained around 28 percent for the previous two weeks, but it has slowed slightly in the last eight weeks due to a drop in the price of petroleum.

Read more : Big decision by the International Court of Justice for Pakistan

SPI increased 0.33 percent from week to week.

Prices for 21 of the 51 products in the SPI basket increased, 11 decreased, and 19 remained steady from the previous week.

In May, short-term inflation remained above 45 percent for three weeks after reaching an all-time high of 48.35 percent on May 4.

Wheat flour (129.84pc), cigarettes (111.74pc), gas charges for Q1 (108.38pc), tea Lipton (101.56pc), rice basmati broken (76.74pc), rice Irri-6/9 (73.88pc), potatoes (61.67pc), gents sponge chappal (58.05pc), sugar (57.91pc), chicken (56.06pc), salt powdered (53.

Sugar (5.22%), wheat flour (4.23%), gur (3.68%), salt powdered (2.17%), and eggs (1.34%) experienced the most weekly price increases. Low-income people are already feeling the effects of increasing inflation.



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