The Sensitive Price Index (SPI)-based inflation in Pakistan for the week ending May 23, 2024, decreased by 0.34 percent, as reported by the Pakistan Bureau of Statistics (PBS). This marks the sixth consecutive weekly decline in inflation on a week-on-week basis. During this week, prices of 12 out of 51 monitored items (23.53 percent) increased, 18 items (35.29 percent) decreased, and 21 items (41.18 percent) remained stable.
The items that saw price increases include:
– Beef with bone (0.49 percent)
– Pulse gram (0.42 percent)
– Tea prepared (0.30 percent)
– Mutton (0.25 percent)
– Gur (0.22 percent)
– Curd (0.11 percent)
– Fresh milk (0.06 percent)
– Pulse mash (0.01 percent)
Conversely, items that experienced price decreases are:
– Garlic (7.87 percent)
– Chicken (5.92 percent)
– 20 kg wheat flour bag (4.66 percent)
– LPG (3.23 percent)
– Onions (1.99 percent)
– Eggs (1.22 percent)
– Basmati broken rice (1.12 percent)
– Pulse masoor (0.95 percent)
– Irri-6/9 rice (0.84 percent)
– Pulse moong (0.57 percent)
– Tomatoes (0.47 percent)
– Plain bread (0.38 percent)
– Bananas (0.34 percent)
– Sugar (0.25 percent)
– Mustard oil (0.24 percent)
– Potatoes (0.07 percent)
– Firewood whole 40 kg (0.04 percent)
On a year-on-year basis, the SPI indicates an increase of 21.31 percent. This rise is primarily due to significant increases in the prices of:
– Gas charges for Q1 (570 percent)
– Onions (88.26 percent)
– Chilies powder (69.71 percent)
– Garlic (53.46 percent)
– Tomatoes (38.63 percent)
– Salt powder (32.72 percent)
– Shirting (30.39 percent)
– Gents sandal (25.01 percent)
– Beef (23.70 percent)
– Energy saver (22.48 percent)
– Pulse mash (21.79 percent)
– Sugar (20.18 percent)
In contrast, notable decreases were observed in the prices of:
– Bananas (38.32 percent)
– Wheat flour (30.82 percent)
– Chicken (23.18 percent)
– Cooking oil 5 litre (18.83 percent)
– Vegetable ghee 1 kg (16.07 percent)
– Vegetable ghee 2.5 kg (16.02 percent)
– Mustard oil (12.49 percent)
– LPG (10.92 percent)
– Eggs (7.62 percent)
