Short-term inflation in Pakistan has somewhat eased, as the Pakistan Bureau of Statistics (PBS) reported a decrease in the prices of eight essential items.
According to data collected through the Sensitive Price Indicator (SPI), weekly inflation was recorded as 0.8 per cent lower on a weekly basis. However, SPI-based inflation increased by 12.74 per cent on a year-on-year (YoY) basis.
The SPI tracks price movements of key items on a weekly basis. In the week ending on October 10, the prices of 15 items increased, while the prices of 8 items decreased compared to the previous week. Moreover, the prices of 28 items remained unchanged during the week.
These prices were collected from nearly 50 markets across Pakistan.
The most prominent reductions were observed in the prices of tomatoes, which saw a decline of over 19 per cent. Prices for bananas, sugar, pulse mash, and chicken were also recorded lower.
However, a notable increase was seen in the prices of onions, wheat flour, pulse gram, and potatoes.
