ISLAMABAD: The inflation based on Sensitive Price Indicator (SPI) has recorded 17.37 per cent increase Year on Year (YoY) by week ended November 11, 2021, said Pakistan Bureau of Statistics (PBS) on Friday.
The SPI is computed on weekly basis to assess the price movements of essential commodities at shorter interval of time so as to review the price situation in the country.
SPI comprises of 51 essential items collected from 50 markets in 17 cities of the country.
Analysts said that the SPI inflation is 37-week high level.
The year on year trend depicts increase of 17.37 per cent, LPG (74.70 per cent), Electricity for Q1 (75.32 per cent), LPG (74.82 per cent), Mustard Oil (54.71 per cent), Vegetable Ghee 1 Kg (53.29 per cent), Cooking Oil 5 litre (49.24 per cent), Vegetable Ghee 2.5 Kg (48.27 per cent), Petrol (41.94 per cent) and Diesel (37.78 per cent)
The major item that witnessed decrease in prices YoY basis are included: decrease observed in the prices of Onions (40.40 per cent), Pulse Moong (30.50 per cent), Potatoes (19.64 per cent), Sugar (2.22 per cent) and Pulse Mash (1.50 per cent).
The SPI for the current week ended on November 11, 2021 recorded an increase of 1.81 per cent over the previous week. Increase in the prices of Tomatoes (18.70 per cent), Diesel (6.04 per cent), Petrol (5.78 per cent), Cooking Oil 5 litre (4.27 per cent), Vegetable Ghee 2.5 kg (3.37 per cent), Vegetable Ghee 1kg (3.28 per cent), Banana (3.04 per cent), Bread (2.84 per cent), Electricity for Q1 (2.74 per cent), Eggs (1.82 per cent), Potatoes (1.77 per cent), Washing Soap (1.58 per cent), Onions (1.51 per cent), Energy Saver (1.30 per cent) and Mustard Oil (1.21 per cent) was observed with joint impact of (1.61 per cent) into the overall SPI for combined group of (1.81 per cent).
On the other hand, decrease observed in the prices of Sugar (9.35 per cent), Pulse Mash (0.45 per cent), Pulse Moong (0.42 per cent), Pulse Gram (0.29 per cent), Wheat Flour Bag (0.26 per cent) and Garlic (0.04 per cent).
During the week, out of 51 items, prices of 30 (58.82 per cent) items increased 06 (11.76 per cent) items decreased and 15 (29.42 per cent) items remained stable.
The analysts said that looking at the trend of SPI inflation, the headline inflation based on Consumer Price Index (CPI) likely to enter double digit in November 2021. The average inflation for the current fiscal year could be in double digit as well, they added.
