The weekly review of the sensitive price index (SPI) on Friday revealed a record increase in inflation up to 42.31 percent year on year in August, according to data shared by the Pakistan Bureau of Statistics (PBS).
According to the Pakistan Bureau of Statistics, the Sensitive Price Indicator (SPI) for the week ended August 18, 2022, increased by 3.35 percent due to an increase in food item prices such as tomatoes (20.28 percent), chicken (7.57 percent), onions (2.30 percent), powdered milk (2.03 percent), eggs (1.63 percent), and non-food items such as electricity for q1 (6.83 percent), petrol (2.96 percent), and cigarette (1.69 percent) (PBS).
The year-on-year trend shows an increase of 42.31 percent, primarily due to increases in masoor (111.02 percent), diesel (108.77 percent), petrol (94.53 percent), onions (94.43 percent), cooking oil 5 litre (72.96 percent), mustard oil (71.08 percent), chicken (69.04 percent), vegetable ghee 1 kg (68.56 percent), vegetable ghee 2.5 kg (67.05 percent), electricity for q1 (63. (1.96 percent).
According to the most recent data, the SPI increased from 209.01 percent to 216.02 percent during the week ended August 11, 2022.
The SPI increased by 1.80 percent, 2.25 percent, 3.03 percent, 3.19 percent, and 3.94 percent for consumption groups up to Rs17,732, Rs17,733 to Rs22,888, Rs22,889 to Rs29,517, Rs29,518 to Rs44,175 and above Rs44,175 respectively. According to the PBS, prices of 25 (49.01 percent) items increased during the week, 11 (21.57 percent) items decreased, and 15 (29.42 percent) items remained stable.
Tomatoes (20.28 percent), chicken (7.57 percent), electricity charges for the first quarter (6.83 percent), toilet soap Lifebuoy (3.90 percent), petrol super (2.96 percent), onions (2.30 percent), powdered milk Nido(2.03 percent), cigarettes Capstan 20’s packet (1.69 percent), eggs (1.63 percent), moong (1.42 percent), potatoes (1.07 percent), rice irri-6/9 (0.81 percent), tea prepared (0.76 percent), gur (0.03 percent).