Short-term inflation rises by 0.96% after two weeks of decline

Weekly Sensitive Price Indicator increases by 29.45% year-on-year

The Weekly Sensitive Price Indicator (SPI) for the Combined Group jumped by 0.96% week-on-week as of April 04, 2024, and increased by 29.45% year-on-year. This follows two consecutive weeks of declines.

According to the latest data released by the Pakistan Bureau of Statistics (PBS), of the 51 monitored items, prices for 16 items (31.37%) increased, 13 items (25.49%) decreased, and 22 items (43.14%) stayed unchanged.

PBS data shows that the Combined Index reached 326.29, up from 323.20 the previous week and higher than 252.06 a year earlier.

The weekly SPI change showed an upward trend for all income groups, with increases ranging from 0.83% to 1.02%. The lowest income group saw a 0.83% rise, whereas the highest income group experienced a 1.02% increase.

On week-over-week (WoW), price increases were seen in petrol (3.45%), chicken (2.99%), tomatoes (11.93%), gents sandal (8.70%), ladies sandal (12.52%), long cloth (2.23%), onion (1.30%), bread (1.03%), beef (0.75%), garlic (0.70%), mutton (0.41%) and rice
basmati broken (0.14%).

Conversely, a weekly price decrease was observed in LPG (1.89% each), diesel (1.18%), bananas (3.57%), wheat flour (2.68%), eggs, gur (0.63%), sugar (0.41%), mustard oil (0.26%), pulse masoor (0.25%) and potatoes (0.23%). 

On a year-on-year basis, the SPI rose across all income segments, with increases between 22.04% and 33.30%. The Lowest Income Group’s yearly SPI went up by 22.04%, and the highest income group saw a 26.81% rise.

There was a year-on-year increase in the prices of gas for the first quarter by (570.00%), onions (107.59%), chilies powder (86.05%), gents sandal (66.71%), gents sponge chappal (58.05%), garlic (53.51%), tomatoes (35.77%), gur (34.00%), salt powder (32.78%), energy saver (29.83%), pulse mash (26.98%) and tea prepared (23.34%).

While a YoY decrease was observed in the prices of bananas (26.68%), cooking oil 5 Litre (20.53%), vegetable ghee 1 Kg (17.61%), vegetable ghee 2.5 Kg (17.28%), mustard oil (14.22%), wheat flour (5.86%), diesel (3.61%), and cigarettes (0.06%).

The average price of Sona urea per 50 kg bag decreased slightly by 0.15% from the previous week to Rs4,821 but was 64.58% higher than the previous year. 

The average price of cement per 50 kg bag remained steady week-on-week at Rs1,220, marking an 8.36% increase from last year.

2 COMMENTS

  1. HOW I FINALLY RECOVERED MY LOST BITCOIN:
    Do you need help on how to recover lost or stolen Bitcoin from fake  investment scammers? I lost all my Bitcoin to a fake investment scam to someone I met online. After losing my Bitcoin investments, I was determined to find a solution. I started searching for help legally to recover my funds, and I came across a lot of Testimonies about  GEO COORDINATES HACKER. I am incredibly grateful for the exceptional service, and wanted to inform you all about this positive outcome. They emphasized their excellent strategy for Bitcoin recovery. In order to assist people and companies in recovering their lost or stolen cryptocurrencies. They guarantee that misplaced bitcoins have an opportunity to be recovered with their excellent services. If you or anyone you know ever finds yourselves in a similar unfortunate situation, I highly recommend reaching out to GEO COORDINATES HACKER. Contact Info Email:
    ( [email protected] )
    Email; ( [email protected] )Telegram ( @Geocoordinateshacker )Website; https://geovcoordinateshac.wixsite.com/geo-coordinates-hack

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Political turmoil drives stocks into red zone, PSX drops over 2,400...

Pakistan Army was deployed in Islamabad after death of four Rangers and two police personnel caused by a vehicle ramming into security forcesÂ