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ISLAMABAD: The short-term inflation remained elevated, marking a 29.86 per cent year-on-year increase in the week ending on Nov 9 mainly due to the rising cost of essential kitchen items.
Measured by the Sensitive Price Index (SPI), the weekly inflation also increased by 0.73pc on a week-on-week basis, according to official data released by the Pakistan Bureau of Statistics on Friday
The caretaker government maintained the prices of petrol and high-speed diesel for the current fortnight, dashing the hopes of consumers who anticipated a significant reduction. Ogra has recommended a significant decline but the interim government has chosen to keep fuel prices unchanged at high levels.
Of the 51 items in the SPI basket, prices of 20 increased while those of eight dropped. The number of items whose prices remained unchanged compared to the previous week was 23.
During the week under review, the items whose prices increased the most over the same week a year ago were gas charges for Q1 (108.38pc), cigarettes (94.46pc), chillies powder (84.11pc), wheat flour (81.23pc), rice basmati broken (77.93pc), rice Irri-6/9 (60.65pc), garlic (58.23pc) gents sponge chappal (58.05pc), sugar (57.57pc), gents sandal bata (53.37pc), salt (53.02pc) and gur (50.88pc).
The biggest increases week-on-week were seen in the prices of tomatoes (15.43pc), potatoes (4.47pc), wheat flour (2.36pc), garlic (2.16pc), salt powdered (1.82pc), chicken (1.60pc), tea Lipton (0.96pc), georgette (0.95pc), banana (0.94pc) and shirting (0.58pc).