According to the Pakistan Bureau of Statistics, short-term inflation in Pakistan, the Sensitive Price Index (SPI), increased to 12.80 per cent year-on-year for the week ending September 26.
Following a brief dip, this marks a slight rise of 0.05 per cent this week.
The uptick in weekly inflation is primarily driven by a surge in prices of perishable items such as tomatoes, onions, and pulses, despite a decline in diesel and petrol prices.
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While petroleum prices have seen minor reductions over the last four weeks, the sharp increase in vegetable prices has overshadowed any positive impact.
On a yearly basis, significant price hikes were noted in items such as gas charges for the first quarter (up by 570 per cent), chickpeas (60.21 per cent), onions (51.72 per cent), and tomatoes (34.34 per cent). Conversely, notable decreases were observed in wheat flour (-38.12 per cent), petrol (-24.73 per cent), and diesel (-24.06 per cent).
