Pakistan SPI Surges 23% in Weekly Inflation

The latest data from the Pakistan Bureau of Statistics reveals that the Sensitive Price Indicator (SPI) has increased by 1.30% in weekly inflation for all consumption groups in the week ending on June 13. The SPI reached 313.93 points during this period, showing a significant 23.03% surge compared to the same week last year.

The SPI, which monitors 17 urban centers and 51 essential items across various expenditure groups, displayed diverse price movements. The lowest consumption group, with expenses up to Rs 17,732, observed a 1.01% rise, while higher consumption groups experienced increases ranging from 1.07% to 1.31%.

Among the 51 essential items tracked, prices of 19 items went up, 8 decreased, and 24 remained stable throughout the week. Notable changes included decreases in onion, chili powder, and rice prices, alongside increases in tomato, chicken, and electricity costs.

On a yearly basis, certain commodities like wheat flour and chicken witnessed significant price drops, while gas charges, onions, and tomatoes saw substantial price hikes. These fluctuations in essential goods prices continue to impact consumers across different income brackets.

The latest SPI data highlights the ongoing changes in prices of essential items, showcasing the economic challenges faced by consumers in Pakistan. As inflation rates fluctuate, it is crucial for individuals to monitor their expenses and adapt to the evolving market conditions to ensure financial stability.