Inflation in Pakistan register massive increase

Inflation in Pakistan register massive increase

WEB DESK: The Weekly Sensitive Price Indicator (SPI) for the Combined Group registered a substantial YoY increase of 41.05 per cent for the week concluding on November 30, 2023.

However, there was a marginal week-on-week (WoW) decline of 0.23 per cent compared to the preceding week.

This marks the third consecutive week where the yearly SPI has maintained levels above the 40 per cent threshold, primarily attributed to a significant surge in gas prices.

Data released by the Pakistan Bureau of Statistics (PBS) indicates that the combined index stood at 308.2, slightly lower than the 308.9 recorded on November 23, 2023. A year ago, on December 1, 2022, the index was notably lower at 218.51.

Among the 51 items monitored, the average price of 13 items increased, 14 items witnessed a decrease, and 24 items remained stable.

Noteworthy increases were observed in the prices of tomatoes (17.64 per cent), potatoes (5.11 per cent), chicken (3.58 per cent), sugar (2.01 per cent), and tea lipton (1.29 per cent).