ISLAMABAD: Pakistan’s sensitive price inflation has reached around 46 per cent year on year (YoY) by week ended March 16, 2023.
According to data released by Pakistan Bureau of Statistics (PBS) on Friday the Sensitive Price Indicator (SPI) increased by 45.64 per cent by week ended March 16, 2023.
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Pakistan Bureau of Statistics (PBS) issued latest weekly inflation data. The bureau computes SPI on weekly basis to assess the price movement 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.
The year on year trend depicts increase of 45.64 per cent, Onions (233.89 per cent), Cigarettes (165.86 per cent), Gas Charges for Q1 (108.38 per cent), Diesel (102.84 per cent), Tea Lipton (81.29 per cent), Petrol (81.17 per cent), Rice Irri-6/9 (78.75 per cent), Rice Basmati Broken (78.10 per cent), Bananas (77.84 per cent), Eggs (72.19 per cent), Pulse Moong (69.44 per cent), Wheat Flour (56.27 per cent) and Bread (55.36 per cent).
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The decrease is observed in the prices of Tomatoes (21.87 per cent) and Chillies Powdered (7.42 per cent).
The SPI for the current week ended on March 16, 2023 recorded increase of 0.96 per cent.
Major increase is observed in the prices of food items, Tomatoes (18.06 per cent), Tea Lipton (9.26 per cent), Potatoes (4.52 per cent), Bananas (4.00 per cent), Sugar (2.70 per cent), Wheat Flour (2.40 per cent), Cooking Oil 5 litre (1.20 per cent) and Vegetable Ghee 2.5 Kg (1.16 per cent), non-food items, Lawn (5.77 per cent), Diesel (4.65 per cent), Shirting (2.80 per cent) and Petrol (1.84 per cent).
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On the other hand decrease is observed in the prices of Onions (15.91 per cent), Chicken (5.97 per cent), Garlic (5.73 per cent), Pulse Masoor (2.27 per cent), Eggs (2.26 per cent), LPG (1.90 per cent), Vegetable Ghee 1 Kg (1.39 per cent), Pulse Gram (1.24 per cent), Pulse Mash (1.08 per cent), Pulse Moong (0.84 per cent) and Mustard Oil (0.64 per cent).
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During the week, out of 51 items, prices of 28 (54.90 per cent) items increased, 11 (21.57 per cent) items decreased and 12 (23.53 per cent) items remained stable.