SPI-based inflation rises slightly
ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended on September 24 recorded an increase of 0.99 percent owing to an escalation in prices of electricity for Q1, which was hiked by 18.76 percent, eggs by 2.02 percent, and Liquefied Petroleum Gas (LPG) by 1.55 percent. The SPI data released here on Friday by the Pakistan Bureau of Statistics (PBS) showed that the prices of…
On September 24, Pakistan's Sensitive Price Index (SPI) inflation saw a slight uptick of 0.99 percent. This rise was primarily attributed to the 18.76 percent spike in electricity prices for Q1, coupled with hikes in the prices of eggs (2.02 percent), LPG (1.55 percent), and a few other commodities. The Pakistan Bureau of Statistics (PBS) reported that prices of items like pulse masoor (0.75 percent), chicken (0.72 percent), and washing soap (0.59 percent) also climbed.
However, prices of goods such as tomatoes (down 13.45 percent), potatoes (8.33 percent), bananas (5.66 percent), and onions (2.42 percent) experienced declines. Over 51 items in the SPI basket saw price changes, with 20 items (39.21 percent) increasing, 10 items (19.61 percent) decreasing, and 21 items (41.18 percent) remaining unchanged.
Year-on-year comparisons reveal a substantial 11.92 percent increase, driven by significant jumps in onions (115.98 percent), LPG (63.97 percent), and electricity (58.59 percent) prices. On a year-on-year basis, notable reductions were observed in potatoes (-39.21 percent), sugar (-21.14 percent), tomatoes (-19.81 percent), and several other items.
When analyzed by income groups, all brackets experienced an increase in SPI, with the highest income group (Rs44,175 and above) recording a 0.77 percent rise, bringing the overall SPI up from 366.05 to 369.69 points.
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