The Sensitive Price Index (SPI)-based inflation for the week ending on October 26, 2023, decreased by 0.33 percent, as reported by the Pakistan Bureau of Statistics (PBS).

The year-on-year trend shows a 29.65 percent increase in inflation. This increase is primarily attributed to rising prices in categories such as Gas Charges for Q1 (108.38 percent), Cigarettes (94.46 percent), Chilies Powder (84.11 percent), Rice Basmati Broken (78.51 percent), Wheat Flour (77.49 percent), Sugar (63.22 percent), and Rice Irri-6/9 (62.83 percent).

However, there was a decrease in the prices of items like Tomatoes (31.90 percent), Onions (24.88 percent), Pulse Gram (5.82 percent), Mustard Oil (4.16 percent), and Vegetable Ghee 1 kg (0.92 percent).

Also Read: Weekly Inflation Falls but Remains Over 35%

During the week, out of 51 items, the prices of 14 (27.45 percent) items increased, 17 (33.33 percent) items decreased, and 20 (39.22 percent) items remained stable. Some of the selected items that saw an increase in their average prices during the week compared to the previous week include tomatoes (20.81 percent), potatoes (3.33 percent), eggs (1.63 percent), salt powdered (0.91 percent), garlic (0.77 percent), tea prepared (0.67 percent), and bread plain (0.56 percent).

On the other hand, some items experienced a decrease in their average prices during the week compared to the previous week, including chicken (10.19 percent), onions (4.40 percent), rice IRRI-6/9 (3.84 percent), bananas (3.64 percent), gur (3.40 percent), pulse masoor (2.36 percent), sugar (2.22 percent), mustard oil (2.17 percent), wheat flour bag 20 kg (1.61 percent), pulse gram (1.54 percent), LPG (1.45 percent), rice basmati broken (1.16 percent), and pulse mash (1.02 percent).