Weekly Inflation continues to break records in Pakistan.
Pakistan and Human Rights Researcher,
Global Human Rights Defence.
Previous records have been broken as this week the Pakistan Board of Statistics has revealed that inflation has risen to an astonishing 44.58 per cent year-on-year (Sherani, 2022).
The Sensitive Price Index (SPI) which monitors the price movement of essential consumer items on a weekly basis. It does this by observing the costs of 51 essential items across 50 markets in 17 cities in the country.
The most noticeable changes that occurred over the week included:
- Tomatoes: 43.09%
- Onions: 41.13%
- Potatoes: 6.32%
- Eggs: 3.43%
- Cigarettes: 2.26%
- Garlic: 2.23%
- Pulse Masoor: -1.18%
- Ghee (1kg): -1%
- Ghee (2.5kg): -0.82%
- Bananas: -0.61%
- Cooking oil (5 litres): -0.51%
- Sugar: -0.28%
(Pakistan Bureau of Statistics, 2022)
The changes demonstrate a clear and heavy increase in prices, while the decreases shown are minimal if at all noticeable. It is not unfair to say that the current trend of inflation in Pakistan caused by global turmoil and local economic policy will come at the cost of ordinary citizens in the country.
Pakistan Bureau of Statistics. “Weekly Sensitive Price Indicator (SPI) for the Week Ended on 25-08-2022 | Pakistan Bureau of Statistics.” Pbs.gov.pk, 2022, www.pbs.gov.pk/node/1390. Accessed 26 Aug. 2022.
Sherani, Tahir. “Weekly Inflation Continues to Shatter Records, Rises to 44.6pc.” DAWN.COM, 26 Aug. 2022, www.dawn.com/news/1706895/weekly-inflation-continues-to-shatter-records-rises-to-446pc. Accessed 26 Aug. 2022.