Weekly inflation highest since mid-September 2022

Prices increased last week at their fastest rate in more than four months, mostly as a result of increases in the cost of food and fuel. The Pakistan Bureau of Statistics reported that as a result, during the week that concluded on February 2, short-term inflation climbed from the previous week’s 32.6 percent to 34.5 percent on an annual basis.
The week-over-week inflation rate also increased, from 0.45 percent to 2.8 percent last week. One item’s price decreased, one item’s price climbed, and 18 item’s price remained constant out of the 51 items tracked.
Onions (556.36%), chicken (90.9%), eggs (81.7%), diesel (81.4%), gasoline (68.8%), tea (63.9%), basmati rice that has been broken (63.4%), Irri-6/9 rice (62.4%), moong pulse (61.1%), bananas (57.4%), gram pulse (53.2%), bread (48.8%), wheat flour (48.4%), and powdered salt were the most expensive items compared to the previous year.
The cost of gur (0.27%), electricity (12.3%), powdered chilies (15.3), and tomatoes (62%) decreased, on the other hand.
According to the PBS, the SPI increased by 1.71 percent for the lowest income group (those making less than Rs17,732 per month) and by 3.3 percent for those making more than Rs44,175 per month.