Weekly inflation up by 1.16pc as overall inflation reaches 42.68pc

The weekly inflation rate has increased by 1.16 per cent while the overall inflation has touched the mark of 42.68 per cent on an annual basis, reported 24NewsHD TV channel.

According to the Pakistan Bureau of Statistics (PBS), the prices of 15 essential items were increased during the week where the prices of onion were raised by Rs13 per kg and eggs by Rs8 per dozen during the period.

Major increase was observed in the prices of Onions (8.42%), Eggs (2.52%), Electricity Charges for Q1 (2.03%), Pulse Moong (0.88%), Sugar (0.84%), Bananas (0.67%), Firewood (0.55%), LPG (0.42%), Tea Prepared (0.37%), Pulse Masoor (0.10%), Mustard Oil (0.09%) and Curd (0.02%).

On the other hand, major decrease is observed in the prices of Tomatoes (9.82%), Potatoes (4.34%), Chicken (2.99%), Tea Lipton (2.58%), Diesel (2.31%), Rice Basmati Broken (2.00%), Vegetable Ghee 2.5 KG (0.43%), Cooking Oil 5 litre (0.38%), Wheat Flour (0.35%), Pulse Gram (0.27%) and Vegetable Ghee 1 KG (0.16%).

During the week, out of 51 items, prices of 15 (29.41%) items increased, 14 (27.45%) items decreased and 22 (43.14%) items remained stable.

The year on year trend depicts the increase of 42.68%, Gas Charges for Q1 (1108.59%), Cigarettes (94.20%), Wheat Flour (85.05%), Chilies Powder (81.74%), Garlic (73.09%), Rice Basmati Broken (68.53%), Rice IRRI 6/9 (60.94%), Gents Sponge Chappal (58.05%), Gents Sandal (53.37%), Gur (50.56%), Tea Lipton (44.65%) and Pulse Mash (44.04%) while decrease is observed in the prices of Onions (22.59%), Tomatoes (6.97%), Mustard Oil (4.04%), Vegetable Ghee 1 KG (3.00%), Vegetable Ghee 2.5KG (1.30%) and Bananas (0.01%).