Weekly inflation rate reaches 33.12pc: PBS

The Pakistan Bureau of Statistics (PBS) has released a weekly report on inflation, 24NewsHD TV channel reported on Friday.

The bureau registered the weekly inflation rate reached 33.12 percent. An increase in prices of 29 essential items in one week, it said, adding that INFLATION based on Sensitive Price Indicator (SPI) crossed 33 percent in Pakistan due to a massive hike in petroleum prices.

The SPI is computed on weekly basis to assess the price movements of essential commodities at a shorter interval of time so as to review the price situation. SPI comprises 51 essential items collected from 50 markets in 17 cities.

According to the PBS, the year-on-year trend depicts an increase of 33.12 percent. The major rise in prices was witnessed in items, including Diesel (141.46 percent), Petrol (119.61 percent), Onions (89.33 percent),  Pulse Masoor (88.60 percent), Vegetable Ghee 1 Kg (78.92 percent), Mustard Oil (75.72 percent), Cooking Oil 5 litre (73.01 percent), Vegetable Ghee 2.5 Kg (72.44 percent), Washing Soap (59.93 percent), Chicken (52.61 percent), Gents Sponge Chappal (52.21 percent), Pulse Gram (51.14 percent), Garlic (40.54 percent), LPG (39.95 percent) and Pulse Mash (31.01 percent).