ISLAMABAD: Inflation based on sensitive price indicator (SPI) has climbed up by around 47 per cent year on year (YoY) week ended March 22, 2023, Pakistan Bureau of Statistics (PBS) said on Friday.
The year on year trend depicts increase of 46.65 per cent, Onions (228.28 per cent), Cigarettes (165.88 per cent), Wheat Flour (120.66 per cent), Gas Charges for Q1 (108.38 per cent), Diesel (102.84 per cent), Tea Lipton (94.60 per cent), Bananas (89.84 per cent), Rice Irri-6/9 (81.51 per cent), Rice Basmati Broken (81.22 per cent), Petrol (81.17 per cent), Eggs (79.56 per cent), Pulse Moong (68.64 per cent), Potatoes (57.21 per cent) and Pulse Mash (56.46 per cent).
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Meanwhile decrease is observed in the price of Chillies Powdered (9.56 per cent).
The SPI for the current week ended on March 22, 2023 recorded increase of 1.80 per cent. Major increase is observed in the prices of food items, Tomatoes (71.77 per cent), Wheat Flour (42.32 per cent), Potatoes (11.47 per cent), Bananas (11.07 per cent), Tea Lipton (7.34 per cent), Pulse Mash (1.57 per cent), Tea Prepared (1.32 per cent) and Gur (1.03 per cent), non-food items, Georgette (2.11 per cent), Lawn (1.77 per cent) and Long Cloth (1.58 per cent).
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On the other hand decrease is observed in the prices of Chicken (8.14 per cent), Chillies Powdered (2.31 per cent), LPG (1.31 per cent), Mustard Oil & Garlic (1.19 per cent) each, Pulse Gram & Onions (1.06 per cent) each, Vegetable Ghee 1 Kg (0.83 per cent), Cooking Oil 5 litre (0.21 per cent), Pulse Moong (0.17 per cent), Pulse Masoor (0.15 per cent) and Eggs (0.03 per cent).
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During the week, out of 51 items, prices of 26 (50.98 per cent) items increased, 12 (23.53 per cent) items decreased and 13 (25.49 per cent) items remained stable.
Sensitive Price Indicator (SPI) is computed 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.
