Weekly inflation up 0.61pc

Published March 27, 2021
The week-on-week increase in inflation was noticed after a drop for the past second consecutive week. – Dawn/File
The week-on-week increase in inflation was noticed after a drop for the past second consecutive week. – Dawn/File

ISLAMABAD: Weekly inflation for the combined group in the period ended on March 25 slightly increased by 0.61 per cent on the back of uptick in prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) on Friday showed.

The week-on-week increase in inflation was noticed after a drop for the past second consecutive week. Since January, an upward movement in the prices of essential kitchen items was noted despite the government’s claims that rates of consumer items were declining.

The PBS calculates the Sensitive Price Index (SPI) based on the prices of 51 essential items from 50 markets across 17 cities of the country.

For the lowest income group earning below Rs17,732 per month, the SPI increased by 0.52pc. For the group earning above Rs44,175, SPI recorded an increase of 0.61pc.

This was mainly due to an increase in prices of food items including tomatoes 20.04pc, chicken 8.81pc, bread 1.64pc, bananas 1.55pc and wheat flour bag 1.01pc.

The items whose prices decreased during the week included garlic, which recorded a decline of 8.12pc, onions 2.27pc, potatoes 1.98pc, pulse moong (0.54pc), rice basmati broken (0.28pc) and gur 0.20pc.

Among non-food items, the price of LPG declined 0.66pc.

Published in Dawn, March 27th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Football elections
17 Nov, 2024

Football elections

PAKISTAN football enters the most crucial juncture of its ‘normalisation’ era next week, when an Extraordinary...
IMF’s concern
17 Nov, 2024

IMF’s concern

ON Friday, the IMF team wrapped up its weeklong unscheduled talks on the Fund’s ongoing $7bn programme with the...
‘Un-Islamic’ VPNs
Updated 17 Nov, 2024

‘Un-Islamic’ VPNs

If curbing pornography is really the country’s foremost concern while it stumbles from one crisis to the next, there must be better ways to do so.
Agriculture tax
Updated 16 Nov, 2024

Agriculture tax

Amendments made in Punjab's agri income tax law are crucial to make the system equitable.
Genocidal violence
16 Nov, 2024

Genocidal violence

A RECENTLY released UN report confirms what many around the world already know: that Israel has been using genocidal...
Breathless Punjab
16 Nov, 2024

Breathless Punjab

PUNJAB’s smog crisis has effectively spiralled out of control, with air quality readings shattering all past...