Weekly inflation in Pakistan surges to 41.54pc

ISLAMABAD: The weekly inflation rate, as determined by the Sensitive Price Indicator (SPI), increased by 2.78 percent to reach 41.54 percent on a yearly basis for the week that ended on February 23, up from 38.42 percent the week before.

Inflation week over week decreased to 2.78 percent from 2.89 percent a week ago. Of the 51 items monitored, 33 saw price increases, six saw price decreases, and 12 saw stable prices.

The items whose prices rose the most during the reviewed week compared to the same week a year prior were onions (up 372%), cigarettes (up 167%), gas (up 108.38%), chicken (85.7%), diesel (up 81.36%), eggs (up 75.81%), Irri 6/9 rice (up 75.41%), broken basmati rice (up 74.16%), bananas (up 72.22%), washed moong pulse (up 70.39 It did, however, also note a decline in the cost of tomatoes (67.93%), chili powder (7.42%), and electricity for Q1 (6.64%).