According to Pakistan Bureau of Statistics (PBS), the prices of food items such as tomatoes (25.58 percent), onions (25.25 percent), chicken (10.79 percent), potatoes (1.61 percent), and eggs (1.30% percent) increased during the current week, which ended on November 2, 2023. As a result, the Sensitive Price Index (SPI)-based inflation increased by 0.71 percent.
In comparison, the year-over-year trend shows a 29.88 percent increase in gas prices for Q1, cigarettes (94.46 percent), chili powder (84.11 percent), rice basmati broken (78.08 percent), wheat flour (76.51 percent), sugar (62.60 percent), rice irri-6/9 (62.27 percent), men’s sponge chappal (58.05 percent), tea lipton (55.79 percent), garlic (54.51 percent), and gur (53.53 percent). On the other hand, prices for tomatoes (26.26 percent), onions (13.98 percent), pulse gram (5.50 percent), mustard oil (4.47 percent), and vegetable ghee 1 kg (1.97 percent) are decreasing.
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Out of 51 items, 12 (23.53 percent) had price increases during the week, 14 (27.45 percent) had price decreases, and 25 (49.02 percent) had unchanged prices.
According to PBS statistics provided on Friday, the SPI for the week under review was recorded at 279.08 points, compared to 277.11 points observed in the previous week.
SPI climbed by 0.85 percent, 0.86 percent, 0.77 percent, 0.76 percent, and 0.64 percent for the consumption group up to Rs. 17,732, Rs. 17,732-Rs. 22,888, Rs. 22,889 Rs. 29,517, Rs. 29,518-Rs. 44,175 and beyond Rs. 44,175 correspondingly.
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