SPI inflation increases by 0.94% WoW

September 30, 2022 (MLN): The Sensitive Price Indicator (SPI) for the combined group increased by 0.94% for the week ended on 29 September 2022, latest data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

On a year-on-year basis, the SPI surged by 30.62% compared to the corresponding period last year.

Out of the 51 monitored items, prices of 20 items witnessed an increase including Onions (47.77%), Tomatoes (30.29%), Tea Lipton (2.50%), Bread (1.74%), and non-food item, Washing Soap (1.13%).

On the other hand prices of ten items (19.61%) observed a decline in prices including LPG (down 4.14%), Wheat Flour (2.99%), Pulse Masoor (1.59%), Bananas (1.50%), Cooking Oil 5 litre (1.12%), Sugar (0.60%), Garlic (0.22%), Vegetable Ghee 2.5Kg (0.17%) and Vegetable Ghee 1Kg & Potatoes (0.13%) each. While 21 (41.17%) items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.72% and 1.55%.

The lowest income group witnessed a weekly increase of 1.55% while the highest income group recorded an increase of 0.72%.

Yearly SPI for the lowest income group increased by 24.16% while the highest income group recorded an increase of 37.09%.

The average price of Sona urea stood at Rs2,431 per 50 kg bag which is 0.50% higher than last week’s price and 34.20% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs1,029 per 50 kg bag, which is 0.73% lower than the previous week and 51.81% higher than prices last year.

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