Weekly inflation inches down by 0.09%

March 29, 2024 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group inched down 0.09% WoW during the week ended March 28, 2024, while the SPI rose 29.41% YoY compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 323.20 compared to 323.50 a week earlier, while the index was recorded at 249.75 a year ago.

During the week, out of 51 items, prices of 04 (7.84%) items increased, 18 (35.30%) items decreased and 29 (56.86%) items remained stable.

During the week, major decrease was observed in the prices of Tomatoes (12.04%), Wheat Flour (3.80%), Garlic (2.59%), LPG (2.42%), and Wheat (2.09%).

On the other hand, major increase was observed in the prices of Chicken (4.92%), Eggs (1.61%), Shirting (0.56%), and Rice Irri 6/9 (0.15%).

The weekly SPI percentage change across all income groups indicates a decrease, ranging between -0.03% and -0.27%.

The lowest income group experienced a weekly fall of 0.27%, while the highest income group experienced a fall of 0.03%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 22.15% and 33.5%.

Yearly SPI for the Lowest Income Group increased by 22.15% while the highest income group recorded an increase of 26.58%.

The average price of Sona urea stood at Rs4,828 per 50 kg bag which is 0.02% lower than last week’s price and 69.56% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs1,220 per 50 kg bag, which is 0.06% lower than the previous week and 8.47% higher than prices last year.

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