The Weekly Sensitive Price Indicator (SPI) for the Combined Group witnessed a 0.45 per cent increase week over week (WoW) during the week ending June 6, 2024.
This surge marks a significant 21.69 per cent rise YoY compared to the corresponding period last year, as per data unveiled by the Pakistan Bureau of Statistics (PBS).
The Combined Index stood at 309.91, showcasing a slight uptick from 308.52 the previous week, and a notable increase from 254.67 recorded a year ago.
Among the 51 items monitored, the week saw prices of 19 items (37.26 per cent) soar, 14 items (27.45 per cent) witness a decline, while prices of 18 items (35.29 per cent) remained stable. Notable increases were observed in the prices of Onions (33.21 per cent), Tomatoes (15.34 per cent), Bananas (4.93 per cent), Pulse Gram (3.69 per cent), and Potatoes (2.62 per cent).
Conversely, significant decreases were noted in the prices of Bread (3.02 per cent), Garlic (2.00 per cent), Wheat (-1.99 per cent), Petrol (1.74 per cent), and Pulse Masoor (1.43 per cent).
The weekly SPI percentage change across income groups revealed a universal uptick, ranging between 0.33 per cent and 0.81 per cent. The lowest income group experienced the steepest weekly rise of 0.81 per cent, contrasting with a 0.33 per cent rise in the highest income group.
On an annual basis, analysis of SPI changes across income segments indicated a consistent increase, ranging from 15.26 per cent to 25.04 per cent. Yearly SPI for the Lowest Income Group surged by 15.26 per cent, while the highest income group recorded a 19.45 per cent increase.
In terms of specific commodities, the average price of Sona urea stood at Rs4,746 per 50 kg bag, marking a marginal 1.04 per cent decline from the previous week, yet reflecting a substantial 56.01 per cent increase compared to last year’s prices.
Meanwhile, the average Cement price reached Rs1,255 per 50 kg bag, showing a 1.40 per cent increase from the prior week and a noteworthy 9.82 per cent surge compared to last year’s prices.
