Weekly Inflation Remains Close to 15%
The Sensitive Price Index (SPI) inflation for the week ending October 31, 2024, has risen by 0.10%, according to the Pakistan Bureau of Statistics (PBS).
Year-on-year, inflation has increased by 14.45%, primarily driven by significant hikes in the prices of various essential items. Notable increases include gas charges for the first quarter (up 570%), followed by pulse gram (83.11%), pulse moong (39.09%), powdered milk (25.57%), beef (23.53%), onions (17.95%), garlic (17.55%), shirting (17.02%), cooked daal (15.14%), and mutton (13.68%).
Conversely, some items experienced price reductions, including wheat flour (down 31.76%), electricity charges for the first quarter (20.32%), chili powder (20%), tomatoes (19.37%), diesel (17.05%), petrol (12.77%), broken basmati rice (8.09%), five-liter cooking oil (7.45%), sugar (7.16%), bread (5.55%), eggs (3.93%), and washing soap (0.32%).
During the week, of the 51 items monitored, the prices of 12 items (23.53%) increased, 12 items (23.53%) decreased, and 27 items (52.94%) remained stable.
On a week-on-week basis, increases were noted in the prices of eggs (up 3.40%), garlic (2.95%), LPG (1.92%), mustard oil (1.49%), pulse moong (1.27%), firewood (1.09%), vegetable ghee (1 kg) (1.08%), vegetable ghee (2.5 kg) (0.50%), potatoes (0.30%), and curd (0.20%)
