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Monday, July 15, 2024  
08 Muharram 1446  

SPI inflation surges to 42.6% YoY in Pakistan

Major increase of 1108.59% recorded in gas charges, cigarettes were up by 93.22%
A man selling mangoes pushes his wares on a cart at a market in Karachi, Pakistan, June 1, 2015. REUTERS/Akhtar Soomro/Files Acquire Licensing Rights
A man selling mangoes pushes his wares on a cart at a market in Karachi, Pakistan, June 1, 2015. REUTERS/Akhtar Soomro/Files Acquire Licensing Rights

The weekly SPI inflation measured by the Sensitive Price Indicator (SPI) was up 42.6% during the week ended on December 21, compared with the same period of last year, data by the Pakistan Bureau of Statistics showed on Friday.

On a weekly basis, the same recorded a decline of 0.51% during the outgoing week.

The SPI for the week under review was recorded at 310.00 points, compared with 311.58 points during the past week.

On a year-on-year basis, the items that showed a decrease in prices included of onions (23.92%), mustard oil (4.24%), vegetable ghee 1 kg (1.59%), vegetable ghee 2.5 kg (0.62%) and bananas (0.06%).

The commodities which recorded an increase in their average prices on included gas charges for q1 (1108.59%), cigarettes (93.22%), chilies powder (81.74%), wheat flour (78.80%), garlic (72.48%), rice basmati broken (62.52%), rice (59.45%), gents sponge chappal (58.05%), tomatoes (56.89%), gents sandal (53.37%), sugar (50.33%) and gur (49.86%).

On a weekly basis, out of 51 items, prices of 18 items increased, nine items decreased and 24 items remained stable.

The items, which recorded a decrease in their average prices on a week-on-week basis included potatoes (13.17%), petrol super (4.97%), diesel (4.68%), tomatoes (3.45%), sugar (1.16%), wheat flour bag (0.33%), chicken (0.13%), rice basmati broken (0.11%) and cooking oil 5 litre (0.07%).

The items that recorded an increase in their average prices on a week-on-week (wow) basis, eggs (10.42%), firewood whole (1.23%), onions (1.19%), pulse moong (0.88%), pulse gram (0.79%), garlic & rice irri-6/9 (0.40%) each, pulse masoor (0.30%), lpg (0.26%), bananas (0.19%), shirting (0.15%) and georgette (0.13%)

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Inflation

food inflation

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