SPI Records 0.45% Weekly Inflation Increase in Pakistan

The latest data from the Pakistan Bureau of Statistics reveals that the Sensitive Price Indicator (SPI) recorded a 0.45 percent increase in weekly inflation for all consumption groups in the week ending June 06. The SPI, which currently stands at 309.91 points, has seen a significant 21.69 percent rise compared to the same period last year. This indicator, based on a 2015-16 =100 index, closely monitors 17 urban centers and 51 essential items across different expenditure categories.

Breaking down the data further, the SPI for the lowest income bracket up to Rs 17,732 increased by 0.81 percent, reaching 301.25 points. Similarly, higher income brackets of Rs 17,732-22,888; Rs 22,889-29,517; Rs 29,518-44,175; and above Rs 44,175 also saw increases of 0.70 percent, 0.56 percent, 0.51 percent, and 0.33 percent, respectively.

During the week under review, prices of 19 out of 51 items rose, while 14 items witnessed decreases and 18 remained stable. Items such as bread, garlic, petrol, and eggs saw price drops, whereas onions, tomatoes, bananas, and chicken experienced price hikes. Noteworthy price fluctuations were also noted in commodities like rice, pulses, potatoes, and various household items.

The latest SPI data highlights the ongoing fluctuations in prices of essential items, impacting consumers across different income brackets. It is crucial for individuals to stay informed about these changes to make informed purchasing decisions and manage their budgets effectively.