Pakistan’s short-term inflation rises to 10.64% — Dawn
In Pakistan, short-term inflation, measured by the Sensitive Price Indicator (SPI), reached 10.64% year-on-year in the week ending September 17. Compared with the previous week, the index rose by 0.49%, according to data from the Pakistan Bureau of Statistics, as reported by Dawn.
Impact of energy prices
Energy prices were the main driver of the increase. Year-on-year, liquefied petroleum gas rose by 60.42%, diesel fuel by 54.21%, petrol by 48%, and flour by 33.27%.
The publication notes that higher energy prices affected transport costs and food prices. The SPI rose for the 73rd consecutive week. It covers 51 goods and services whose prices are monitored weekly at 50 markets in 17 cities across the country.
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Weekly changes
Over the week, diesel fuel prices increased the most, by 7.29%, followed by petrol, up 6.40%, and liquefied gas, up 3.26%. Garlic became 1.94% more expensive, eggs 1.72%, and chickpeas 0.80%.
At the same time, bananas became 6.17% cheaper, tomatoes 5.66%, onions 4.57%, and chicken 2.33%. Year-on-year, the price of onions rose the most, by 117.77%, while potatoes became 35.31% cheaper, sugar 20.95%, eggs 19.31%, and chicken 15.26%.
Compared with the previous week, prices increased for 19 items, declined for nine, and remained unchanged for 23 items.
