KARACHI: Following an increase in petrol and diesel prices to revive the International Monetary Fund (IMF) loan programme, the weekly inflation — based on the sensitive price index (SPI) — surged 3.38% week-on-week and 27.82% year-on-year hitting a 14-year high during the week ended June 16.
According to the data released by the Pakistan Bureau of Statistics (PBS), prices of 71% of the commodities in the SPI basket shot up. The data showed that an increase was observed in the prices of:
- Diesel —28.9%,
- Gents sponge chappal — 26.76%,
- Gents sandal — 15.40%,
- Chicken — 12.10%,
- Petrol —11.43%,
- Potatoes — 6.89%,
- Electricity charges for Q1 — 6.63%,
- Cigarettes — 6.27%,
- Cooked daal — 5.90%,
- Pulse gram — 5.29%,
- Cooked beef — 5.19%
It is worth mentioning that the joint impact of the increase in prices of these commodities was 2.53% in overall SPI for the combined group.
