AMN
Short-term inflation in Pakistan based on the Sensitive Price Index (SPI), saw a record increase to 45.64 per cent for the combined income group on a year-on-year basis for the week ending 16th of March. This was fuelled by a consistent increase in the price of essential commodities, according to data released by the Pakistan Bureau of Statistics on Friday.
Short-term inflation on a week-on-week basis, however, increased by 0.96 per cent as tomatoes, potatoes, cooking oil and fruits became costlier.
Of the 51 items in the SPI basket, prices of 28 items increased. The items whose prices increased the most over the same week a year ago were onions, diesel, petrol, bananas, bread and wheat flour.
On a week-on-week basis, the biggest change was observed in the prices of tomatoes, potatoes, bananas, diesel, and Petrol.