Pakistan records 33.66% rise in prices of essential items

Pakistan records 33.66% rise in prices of essential items

KARACHI: Pakistan has recorded a massive increase of 33.66 per cent in prices of essential items by week ended July 06, 2022 when compared with same week last year, according to official data released on Friday.

Pakistan Bureau of Statistics (PBS) said that the inflation based on Sensitive Price Indicator (SPI) recorded 33.66 per cent increase on YoY basis for week ended July 06, 2022.

READ MORE: Petroleum prices in Pakistan push inflation 13-year high

According to the bureau, the year on year trend depicts an increase of 33.66 per cent, Diesel (141.46 per cent), Petrol (119.61 per cent), Onions (101.98 per cent), Pulse Masoor (88.16 per cent), Vegetable Ghee 1 Kg (83.03 per cent), Cooking Oil 5 litre (79.29 per cent), Mustard Oil (77.60 per cent), Vegetable Ghee 2.5 Kg (74.87 per cent), Washing Soap (57.43 per cent), Gents Sponge Chappal (52.21 per cent), Pulse Gram (51.80 per cent), LPG (49.11 per cent), Tomatoes (44.71 per cent), Garlic (43.23 per cent) and Chicken (41.09 per cent).

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While major decrease observed in the prices of Chillies Powdered (43.42 per cent), Sugar (12.57 per cent), Pulse Moong (3.23 per cent) and Gur (2.57 per cent).

The SPI for the week ended on July 6, 2022 recorded an increase of 1.32 per cent. Increase observed in the prices of food items, Garlic (5.06 per cent), Potatoes (2.57 per cent), Vegetable Ghee 2.5 Kg (1.64 per cent), Cooked Daal (1.50 per cent), Wheat Flour (1.46 per cent), Pulse Gram (1.32 per cent), Tea Prepared (1.09 per cent) and Pulse Masoor (1.02 per cent), nonfood items Petrol (6.36 per cent), Diesel (5.06 per cent) and LPG (2.33 per cent), with joint impact of (0.85 per cent) into the overall SPI for combined group of (1.32 per cent).

READ MORE: Average inflation estimated up to 12% in FY22

On the other hand, decrease observed in the prices of Tomatoes (5.12 per cent), Onions (1.03 per cent), Mustard Oil (0.70 per cent), Bananas (0.43 per cent) and Pulse Mash (0.12 per cent).

During the week, out of 51 items, prices of 30 (58.82 per cent) items increased, 05 (9.81 per cent) items decreased and 16 (31.37 per cent) items remained stable.

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