ISLAMABAD: Pakistan’s inflation based on Sensitive Price Indicator (SPI) recorded an increase of 42.27 per cent year on year (YoY) by week ended March 9, 2023.
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.
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SPI comprises of 51 essential items collected from 50 markets in 17 cities of the country.
The year on year trend depicts increase of 42.27 per cent, Onions (305.23 per cent), Cigarettes (165.86 per cent), Gas Charges for Q1 (108.38 per cent), Diesel (93.82 per cent), Eggs (78.63 per cent), Rice Irri-6/9 (78.14 per cent), Petrol (77.89 per cent), Rice Basmati Broken (77.27 per cent), Bananas (74.01 per cent), Pulse Moong (72.54 per cent), Tea Lipton (66.31 per cent), Pulse Mash (56.02 per cent), Pulse Gram (55.97 per cent) and Bread (55.36 per cent).
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Meanwhile decrease is observed in the prices of Tomatoes (41.79 per cent), Chillies Powdered (7.42 per cent) and Electricity charges for Q1 (6.64 per cent).
The SPI for the current week ended on March 9, 2023 recorded increase of 1.37 per cent.
Major increase is observed in the prices of food items, Tomatoes (12.43 per cent), Potatoes (11.37 per cent), Onions (9.26 per cent), Sugar (5.48 per cent), Bananas (5.31 per cent), Cooking Oil 5 litre (4.27 per cent), Wheat Flour (4.06 per cent), Vegetable Ghee 2.5 Kg (4.01 per cent), Curd (1.89 per cent), Milk Fresh (1.82 per cent), Tea Lipton (1.79 per cent), Rice Basmati Broken (1.24 per cent) and Salt Powdered (1.21 per cent), non-food items, Lawn Printed (2.00 per cent) and Shirting (1.45 per cent).
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On the other hand decrease is observed in the prices of Chicken (6.73 per cent), Garlic (2.07 per cent), Pulse Moong (0.83 per cent), Eggs (0.77 per cent), Pulse Masoor (0.50 per cent), LPG (0.26 per cent), Fire wood (0.12 per cent) and Pulse Gram (0.05 per cent).
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During the week, out of 51 items, prices of 29 (56.86 per cent) items increased, 08 (15.69 per cent) items decreased and 14 (27.45 per cent) items remained stable.