Data provided by the Pakistan Bureau of Statistics (PSB) on Friday showed that weekly inflation resumed its upward trend due to an increase in food and petrol costs, crossing the 30% YoY barrier for the week ending on August 10, 2023.
Wheat flour (up 131.81 percent), cigarettes (up 109.57 percent), first-quarter petrol prices (up 108.38 percent), Lipton tea (up 95.19 percent), broken basmati rice (up 84.09 percent), chilli powder (up 72.94 percent), irri-6/9 rice (up 72.74 percent), sugar (up 67.90 percent), chicken (down 65.87 percent), gur (down 58.93 percent), potatoes (down 53.66 percent) and tomatoes
Food cost increase from week to week
The S&P 500 index went up 0.69 percent last week compared to the prior week. Chilies powder (3.72%), powdered milk (3.65%), pulse mash (3.13%), garlic (2.39%), sugar (2.30%), chicken (2.27%), salt (1.84%), eggs (1.74%), and electricity for Q1 (1.75%) all saw significant price increases over the past week.
Vegetable ghee 1 kilogramme (1.59 percent), liquid petroleum gas 0.79 percent, cooking oil 0.78 percent, mustard oil 0.48 percent, and vegetable ghee 2.5 kilogrammes (0.10 percent) all saw price drops.
Of the 51 products we tracked, 29 (56.87 percent) saw price increases, 5 (9.80 percent) saw price decreases, and 17 (33.3 percent) saw no change in price over the past week.
To read our article about “Ghee price hike in utility stores after sugar price increase” click here.
