Weekly inflation rises by 0.45%

January 27, 2023 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.43% during the week ended Jan 26, 2023, while the SPI increased by 32.57% compared to the corresponding period from last year.

According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 221.54 compared to 220.54 on January 19, 2023, while the index was recorded at 167.11 a year ago, on January 27, 2022

Out of the 51 monitored items, the average price of 25 items increased, 6 items decreased whereas 20 items registered no change during the week.

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.38% and 0.54%.

The Lowest Income Group witnessed a weekly increase of 0.41% while the highest income group recorded an increase of 0.54%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 31.11% and 34.65%.

Yearly SPI for the Lowest Income Group increased by 31.11% while the highest income group recorded an increase of 32.75%.

The average price of Sona urea stood at Rs2764 per 50 kg bag which is 0.5% lower than last week’s price and 37.1% higher when compared to last year.

Meanwhile, the average cement price was recorded at Rs1042 per 50 kg bag, which is 0% lower than the previous week and 41.38% higher than prices last year.

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