Weekly Inflation Remains Near 30%
According to data published by the Pakistan Bureau of Statistics (PBS), the Sensitive Price Index (SPI)-based inflation for the current week ended on October 26, 2023, declined by 0.33 percent.
The year-over-year trend shows a 29.65% increase, primarily attributed to higher Gas Charges for Q1 (108.38%), Cigarettes (94.46%), Chilies Powder (84.11%), Rice Basmati Broken (78.51%), Wheat Flour (77.49%), Sugar (63.22%), and Rice Irri-6/9 (62.83%) prices. Conversely, lower prices were noted for Tomatoes (31.90%), Onions (24.88%), Pulse Gram (5.82%), Mustard Oil (4.16%), and Vegetable Ghee 1 kg (0.92 percent).
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Out of 51 items, 14 (27.45 percent) had price increases during the week, 17 (33.33 percent) had price decreases, and 20 (39.22 percent) had unchanged prices.
During the course of the week, a few products saw an increase in average prices: tomatoes (20.81 percent), potatoes (3.33 percent), eggs (1.63 percent), powdered salt (0.91 percent), garlic (0.77 percent), prepared tea (0.67 percent), and plain bread (0.56 percent).
Chicken (10.19 percent), onions (4.40 percent), rice IRRI-6/9 (3.84 percent), bananas (3.64 percent), gur (3.40 percent), pulse masoor (2.36 percent), sugar (2.22 percent), mustard oil (2.17 percent), wheat flour bag (20 kg (1.61 percent), pulse gram (1.54 percent), LPG (1.45 percent), rice basmati broken (1.16 percent), and pulse mash (1.02 percent) are some of the items that saw a decrease in average prices during the previous week compared to last.
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