The Sensitive Price Indicator (SPI) increased by 0.11% week-over-week (WoW) for the week ended on July 11, 2024, whereas it soared to 23.33% on a year-on-year (YoY) basis.
According to the weekly data released on Friday by the Pakistan Bureau of Statistics (PBS), a major increase was observed in the prices of Chicken (16.34%), Powdered Milk (6.07%), Pulse Gram (3.47%), Lawn Cloth (2.43%), Long Cloth (1.58%), Milk Fresh (1.37%), Pulse Masoor (1.23%) and Pulse Moong (1.02%).
On the other hand, a decrease was observed in the prices of Tomatoes (19.47%), Bananas (2.30%), Wheat Flour (1.85%), Onions (1.55%), Potatoes (0.86%) and Eggs (0.61%).
During the week under review, out of 51 items, prices of 23 (45.10%) items increased, 06 (11.76%) items decreased and 22 (43.14%) items remained stable.
The year-on-year trend depicts an increase of 23.33%, Gas Charges for Q1 (570.00%), Tomatoes (124.55%), Onions (86.17%), Chilies Powder (55.00%), Pulse Gram (37.67%), Garlic (36.20%), Powered Milk (33.33%), Pulse Moong (28.59%), Shirting (27.08%), Salt Powder (26.79%), Gents Sandal (25.01%), LPG (23.93%), Beef (22.59%), Pulse Mash (22.46%) and Electricity Charges for Q1 (21.46%).
While a decrease was observed in the prices of Wheat Flour (32.44%), Chicken (16.40%), Cooking Oil 5 Litre (14.74%), Vegetable Ghee 2.5 Kg (11.60%), Vegetable Ghee 1Kg (11.18%), Mustard Oil (8.34%), Tea Lipton (2.52%), Rice Basmati Broken (1.99%) and Eggs (1.16%).
The SPI is computed on a weekly basis to assess the price movement of essential commodities at shorter intervals of time to review the price situation in the country. SPI comprises 51 essential items collected from 50 markets in 17 cities of the country.
