According to Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) in Pakistan rose by 1.29 percent weekly and 5.07 percent annually in the last week compared to the week before. The index follows the trend of key commodities in 50 markets in 17 cities.
In the week, 23 commodities increased in price among 51 items observed, 4 commodities decreased and 24 commodities did not change. There were significant increases in tomatoes (46.03 percent), wheat flour (25.41 percent), onions (8.57 percent), rice basmati broken (2.62 percent), garlic (2.04 percent), and potatoes (1.38 percent). Bananas, diesel, sugar, and mustard oil had marginal decreases compared to the last year.
On a yearly basis, tomatoes spiked by 83.45%, ladies sandals by 55.62%, and wheat flour by 30.27%. There were significant increases in gas charges, sugar, beef, chicken and pulse moong. Onions, garlic, pulses, electricity charges and LPG prices, however, decreased drastically as compared to last year.
Read more: Pakistan’s SPI Inflation Rises Amid Weekly Price Surge
The lowest income group bore the brunt of inflation with a weekly rise of 2.01%, while the highest income bracket saw an increase of 1.90%. Yearly SPI impact ranged from 3.78% to 6.09% across income levels.
The inflation in Pakistan indicates an increase in prices of basic commodities necessitating the immediate stability of the market.
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