Weekly inflation rises 0.65pc, annual rate reaches 11.85pc

Weekly inflation rises 0.65pc, annual rate reaches 11.85pc
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Summary The report showed that petrol prices increased by 44.17pc over the past year

ISLAMABAD (Dunya News) – Pakistan’s weekly inflation increased by 0.65 per cent, pushing the year-on-year inflation rate to 11.85 per cent, according to the latest report released by the Pakistan Bureau of Statistics (PBS) on Friday.

The report showed that prices of 19 essential commodities increased during the week, while 12 items became cheaper and prices of 20 commodities remained unchanged.

Liquefied petroleum gas (LPG) recorded the steepest weekly increase of 22.44pc, followed by chicken, which became 12.20pc more expensive. Onion prices rose by 4.19pc, shirting fabric by 1.86pc and plain bread by 1.66pc. Flour prices also increased by 1pc, while garlic, firewood and ghee recorded further increases.

In contrast, tomato prices fell by 21.99pc during the week. Petrol became 3.63pc cheaper and diesel prices declined by 1.68pc. Banana prices decreased by 2.42pc, potatoes by 1.38pc and gram pulse by 0.93pc. Prices of eggs and powdered milk also recorded declines.

On a year-on-year basis, LPG prices surged by 107.12pc, while onion prices increased by 72.81pc and electricity tariffs rose by 58.59pc.

The report further showed that petrol prices increased by 44.17pc over the past year, while diesel became 41.56pc more expensive. Chicken prices rose by 38.99pc and flour by 36.49pc. Mutton prices increased by 14.66pc, beef by 12.10pc, plain bread by 10.82pc and prepared tea by 8.36pc.

However, some commodities recorded significant annual declines. Tomato prices fell by 71.72pc, potatoes by 40.75pc and sugar by 25pc. Egg prices also decreased by 22.14pc over the past year.

Despite declines in the prices of several essential commodities, sharp increases in LPG, chicken, flour and energy costs contributed to the overall rise in weekly inflation, according to the PBS data.
 

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