Pakistan’s Inflation Soars to 23.3% Essential Commodity Prices Show Mixed Trends
According to the PBS data, the yearly inflation in Pakistan reached 23.3 percent. The data showed an increase in the prices of 19 essential commodities during the past week.
Prices of 8 essential commodities witnessed a drop, while prices of 24 commodities remained stable.
During the week, out of 51 items, prices of 19 (37.26%) items increased, 08 (15.68%) items decreased and 24 (47.06%) items remained stable.
The items, which recorded a decrease in their average prices on a week-on-week basis included onions (5.00%), chilies powder (1.95%), rice basmati broken (1.65%), garlic (1.32%), rice iron (1.08%), bread (0.52%), wheat flour (0.05%) and sugar (0.02%).
The commodities which recorded an increase in their average prices on week-on-week basis included tomatoes (27.14%), chicken (11.75%), electricity for q1 (8.73%), pulse gram (7.19%), LPG (6.14%), eggs (3.70%), bananas (3.22%), beef (1.52%), pulse moong (1.07%), mutton (0.60%), cigarettes (0.47%) and energy saver (0.36%).
On-year basis, the commodities that witnessed decrease included wheat flour (29.65%), chicken (19.77%), bananas (19.26%), cooking oil 5 liters (16.69%), vegetable ghee 2.5 kg (14.81%), vegetable ghee 1 kg (13.01%), mustard oil (8.77%) and tea packet (2.52%).
The commodities which recorded an increase in their average prices on year-on-year basis included gas charges for q1 (570.00%), onions (105.91%), tomatoes (72.60%), chilies powder (54.81%), garlic (39.90%), salt powder (30.56%), shirting (30.52%), gents sandal (25.01%), pulse mash (23.85%), beef (23.21%), electricity charges for q1 and pulse gram (21.46%) each.
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