Weekly SPI Inflation Rises by 0.98% Year-on-Year
The Sensitive Price Index (SPI) based inflation for the week ending February 13, 2025, recorded an increase of 0.98% on a year-on-year (YoY) basis, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
The YoY trend indicates that the rise in inflation is primarily driven by higher prices of essential commodities. The most significant price hikes were observed in Pulse Moong (29.15%), Pulse Gram (27.87%), Powdered Milk (25.84%), Beef (22.75%), Potatoes (21.52%), Bananas (19.18%), Garlic (18.01%), Vegetable Ghee 1kg (16.65%), Gas Charges for Q1 (15.52%), Vegetable Ghee 2.5kg (14.65%), Shirting (14.11%), and Mustard Oil (13.20%).
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Conversely, notable declines were recorded in the prices of Onions (-56.58%), Tomatoes (-48.00%), Wheat Flour (-37.18%), Chilies Powder (-20.00%), Electricity Charges for Q1 (-18.92%), Pulse Mash (-11.42%), Pulse Masoor (-11.25%), Eggs (-10.00%), Rice Basmati Broken (-8.83%), and Rice IRRI-6/9 (-7.35%).
On a week-on-week (WoW) basis, SPI-based inflation witnessed a marginal decline of 0.04%, driven by reductions in the prices of Tomatoes (-8.80%), Tea Lipton (-4.46%), Onions (-3.97%), Pulse Gram (-1.91%), Potatoes (-1.54%), Pulse Moong (-1.47%), LPG (-0.86%), Wheat Flour Bag & Gur (-0.67% each), Rice IRRI-6/9 (-0.48%), Rice Basmati Broken (-0.47%), and Vegetable Ghee 1kg (-0.42%).
Out of 51 essential items monitored during the week, prices of 13 items (25.49%) increased, 15 items (29.41%) decreased, while 23 items (45.10%) remained unchanged.
