Weekly inflation inches up by 0.62%

November 18, 2022 (MLN): The weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.62% during the week ended Nov 17, 2022, while the SPI increased by 28.67% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 217.82 compared to 216.48 on Nov 10, 2022, while the index was recorded at 169.29 a year ago, on Nov 18, 2021

Out of the 51 monitored items, the average price of 23 items increased, 13 items decreased whereas 15 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.5% and 0.96%.

The Lowest Income Group witnessed a weekly increase of 0.96% while the highest income group recorded an increase of 0.5%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 26.89% and 29.73%.

Yearly SPI for the Lowest Income Group increased by 26.89% while the highest income group recorded an increase of 28.94%.

The average price of Sona urea stood at Rs.2471 per 50 kg bag which is 0.32% higher than last week’s price and 18.68% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs.1041 per 50 kg bag, which is 0.1% higher than the previous week and 40.3% higher than prices last year.

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