Weekly inflation increases by 0.96%

September 08, 2023 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group inched up by 0.96% WoW during the week ended September 07, 2023, while the SPI increased by 26.32% 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 279.87 compared to 277.21 on August 31, 2023, while the index was recorded at 221.55 a year ago, on September 08, 2022.

Out of 51 items, the average price of 32 items increased, 05 items decreased, and 14 items remained stable.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.77% and 1.06%.

The Lowest Income Group witnessed a weekly increase of 0.77% while the highest income group recorded an increase of 1.06%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 23.86% and 29.41%.

Yearly SPI for the Lowest Income Group increased by 26.41% while the highest income group recorded an increase of 27.30%.

The average price of Sona urea stood at Rs3,842 per 50 kg bag which is 0.97% higher than last week’s price and 57.97% higher when compared to last year.

Meanwhile, the average Cement price was recorded at Rs1,191 per 50 kg bag, which is 1.21% higher than the previous week and 14.56% higher than prices last year.

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