Weekly inflation stays above 48pc for 2nd consecutive week

ISLAMABAD: The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.27 pc to jump to 48.02pc on a year-on-year basis for the week ending on May 11, official data showed.

The short-term inflation rose by an all-time high of 48.35pc for the period that ended on May 4.

Out of the 51 monitored items, the average price of 23 items increased, 7 items decreased whereas 21 items registered no change during the week.

During the week under review,

the items whose pri­ces increased the most over the same week a year ago were: potatoes (112.80pc), gas char­g­es for Q1 (108.38pc), tea Lipton (106.09pc), wheat flour (101.20pc), gents sponge ch­a­ppal (100.33pc), diesel (99.39pc), bananas (98.22pc), rice basmati broken (90.76pc), eggs (89.40pc), petrol (87.81pc), rice irri-6/9 (83.47pc), pulse moong (66.91pc), bread (62.83pc) and pulse mash (58.79pc).

A decrease was observed in the prices of onions (9.40%), chicken (2.25%), LPG (1.51%), garlic (1.39%), bananas (0.68%), pulse gram (0.13%), and mustard oil (0.05%).

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