Islamabad (Commerce Desk) Pakistan’s weekly inflation rate has recorded a year-on-year increase of 15.28%, mainly driven by rising prices of food items and energy products.
According to the Federal Bureau of Statistics, key contributors to the rise in inflation include petrol prices, which increased by 44.73%, diesel by 44.39%, electricity tariffs by 59.40%, flour by 58.72%, and liquefied petroleum gas (LPG) by 52.66%.
The report states that food prices also remained at elevated levels, with significant increases observed in onion, tomato, potato, meat, and flour prices.
On a weekly basis, inflation also rose by 0.46%, during which items such as tomatoes, potatoes, chicken, washing soap, jaggery, meat, and other commodities became more expensive.
On the other hand, some items recorded a decrease in prices, including onions, garlic, bananas, petrol, various pulses, flour, and diesel.
According to the data, the most expensive items on a yearly basis included onions, tomatoes, electricity, flour, and LPG, while prices of potatoes, eggs, sugar, and some pulses showed a decline.
It is worth noting that the government announced a reduction in petrol and diesel prices late last night, the impact of which is expected to appear in upcoming weekly data.