Weekly inflation rises by 29.9pc

Islamabad: The Sensitive Price Indicator (SPI) for weekly inflation showed a minor increase of 0.71% from the previous week to the week ending November 3, 2023.

The combined index was 279.08 on October 26, 2023, down from 277.11 on that same day the previous year, on November 03, 2022, according to statistics made public by the Pakistan Bureau of Statistics (PBS).

Of the 51 items, 12 had rising average prices, 14 had falling average prices, and 25 had steady average prices.

The major increase was observed in the prices of Tomatoes (25.58%), Onions (25.25%), Chicken (10.79%), Potatoes (1.61%), Tea Lipton (1.58%), Eggs (1.30%), Garlic (0.50%), Rice Basmati Broken (0.19%), Georgette (0.28%) and Firewood (0.05%).

On the other hand, major decrease was observed in the prices of Gur (2.66%), Banana (1.78%), Cooking Oil 5 Litre (1.62%), Vegetable Ghee 1 KG (1.23%), LPG Cylinder (1.05%), Pulse Masoor (0.93%), Wheat Flour (0.62%), Washing Soap (0.41%) and Mustard Oil (0.32%).

The weekly SPI percentage change by income groups showed that SPI increased across all quantiles ranging between 0.64% and 0.86%.