Weekly SPI inflation rises by 25.34% YoY

BusinessWeekly SPI inflation rises by 25.34% YoY

ISLAMABAD, Pakistan: The Sensitive Price Index (SPI) recorded an increase of 25.34% on a year-on-year (YoY) basis in the week ended on August 24, 2023, according to the Pakistan Bureau of Statistics (PBS).

The data shared by the PBS on Friday showed that the SPI in the current week ended on August 24 increased by 0.05%.Weekly SPI inflation rises by 25.34% YoY

   

The major increase was observed in the prices of food items, onions (23.56%), pulse masoor (3.66%), sugar (3.43%), garlic (2.17%), eggs (2.13%), cooked daal (2.04%) and pulse mash (1.52%), non-food items, energy saver (1.89%), and long coth (1.51%).

On the other hand, the major decrease was observed in the prices of tomatoes (22.16%), chicken (5.44%), rice irri-6/9 (1.70%), potatoes (1.43%), bananas (1.22%), vegetable ghee 2.5 kg (0.97%), mustard oil (0.87%), cooking oil 5 litre (0.67%), pulse gram (0.49%), LPG (0.43%), and wheat flour (0.25%).

During the week, out of 51 items, prices of 22 (43.14%) items increased, 12 (25.53%) items decreased, and 17 (33.33%) items remained stable.

The year-on-year trend depicted an increase of 25.34%, wheat flour (129.38%), gas charges for Q1 (108.38%), cigarettes (102.31%), tea lipton (93.94%), rice basmati broken (89.56%), chilies powder (86.05%), sugar (81.21%), rice irri-6/9 (80.54%), gur (63.59%), gents sponge chappal (58.05%), salt powdered (49.09%), chicken (48.58%), and bread (46.37%).

While decrease was observed in the prices of tomatoes (39.96%), onions (37.70%), electricity for Q1 (21.96%), pulse masoor (10.68%), and vegetable ghee 1 kg (0.40%).

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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