Weekly inflation measured by the Sensitive Price Index (SPI) hit an all-time high of 47.23 per cent year-on-year (YoY) for the week ending on April 19 — driven mainly by a major increase in food prices — data shared by the Pakistan Bureau of Statistics (PBS) on Thursday showed.
On a week-on-week basis, short-term inflation increased by 0.51pc as food items (potatoes, tea, bread, chicken, and rice) and non-food items (liquified petroleum gas, petrol and matchboxes) became costlier.
The SPI monitors the prices of 51 essential items based on a survey of 50 markets in 17 cities across the country. During the week under review, the prices of 29 items increased, eight decreased and 14 remained stable.
Last week, the short-term inflation was recorded at 44.61pc year-on-year, whereas for the week ending on March 22, it was recorded at an all-time high of 46.65pc year-on-year, which was surpassed today.
