SPI-Based Weekly Inflation Up by 42.3% YoY Due to Soaring Commodity Prices

The Sensitive Price Indicator (SPI) for the week ended 18th August 2022 recorded an increase of 3.35 percent due to increase in prices of food and non-food items, says the Pakistan Bureau of Statistics (PBS).

The year-on-year trend depicts an increase of 42.31 percent primarily due to increase in pulse masoor (111.02 percent), diesel (108.77 percent), petrol (94.53 percent), onions (94.43 percent), cooking oil 5 liter (72.96 percent), mustard oil (71.08 percent), chicken (69.04 percent), vegetable ghee 1 kg (68.56 percent), vegetable ghee 2.5 kg (67.05 percent), electricity for q1 (63.03 percent), washing soap (61.92 percent), pulse gram (58.93 percent), gents sponge chappal (52.21 percent), pulse mash (51.51 percent) and garlic (36.59 percent) while a decrease was observed in the prices of chili powder (43.42 percent), sugar (16.55 percent) and gur (1.96 percent).

According to the latest data, the SPI went up from 209.01 percent during the week ended 11th August 2022 to 216.02 percent during the week under review.

The SPI for the consumption groups up to Rs 17,732, Rs 17,733 to Rs 22,888, Rs 22,889 to Rs 29,517, Rs 29,518 to Rs 44,175 and for above Rs 44,175 increased by 1.80 percent, 2.25 percent, 3.03 percent, 3.19 percent and 3.94 percent respectively.

During the week, out of 51 items, prices of 25 (49.01 percent) items increased, 11 (21.57 percent) items decreased and 15 (29.42 percent) items remained stable, says the PBS.

The items the prices of which increased included tomatoes (20.28 percent), chicken (7.57 percent), electricity charges for q1 (6.83 percent), toilet soap lifebuoy (3.90 percent), petrol super (2.96 percent), onions (2.30 percent), powdered milk Nido (2.03 percent), cigarettes capstan (1.69 percent), eggs (1.63 percent), pulse moong (1.42 percent), potatoes (1.07 percent), rice irri-6/9 (0.81 percent), tea prepared (0.76 percent), gur (0.65 percent), cooked daal (0.53 percent), rice basmati broken (0.51 percent),  bananas (0.49 percent), georgette (0.45 percent), mutton (0.42 percent),  curd (0.35 percent),  pulse mash (0.28 percent),  long cloth 57″ gul ahmed/al karam (0.14 percent), salt powdered (0.13 percent), cooked beef (0.04 percent) and wheat flour bag 20 kg (0.03 percent).

The items which registered a decrease in prices include LPG (3.46 percent), vegetable ghee dalda/habib 1 kg pouch (1.16 percent), garlic (0.94 percent), mustard oil (0.71 percent), pulse masoor (0.42 percent),  pulse gram (0.36 percent), vegetable ghee dalda/habib 2.5 kg tin (0.33 percent), cooking oil dalda or other similar brand (sn) 5 litre tin (0.31 percent),  hi-speed diesel (0.18 percent), firewood whole 40 kg (0.16 percent) and  sugar (0.03 percent).



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