The latest data from the Pakistan Bureau of Statistics (PBS) reveals that the Weekly Sensitive Price Indicator (SPI) for the Combined Group rose by 0.45% during the week ending June 6, 2024. Compared to the same period last year, the SPI surged by 21.69%.
The Combined Index now stands at 309.91, up from 308.52 the previous week and significantly higher than the 254.67 recorded a year ago.
Out of 51 monitored items, the prices of 19 items (37.26%) increased, 14 items (27.45%) decreased, and 18 items (35.29%) remained stable over the week.
WEEKLY PRICE CHANGES:
- Increases:
- Onions: +33.21%
- Tomatoes: +15.34%
- Bananas: +4.93%
- Pulse Gram: +3.69%
- Potatoes: +2.62%
- Decreases:
- Bread: -3.02%
- Garlic: -2.00%
- Wheat: -1.99%
- Petrol: -1.74%
- Pulse Masoor: -1.43%
INCOME GROUP ANALYSIS:
- Weekly SPI Change:
- The SPI increased across all income groups, with changes ranging from 0.33% to 0.81%.
- The lowest income group saw the highest weekly increase at 0.81%, while the highest income group experienced a 0.33% rise.
- Yearly SPI Change:
- Yearly SPI increases ranged between 15.26% and 25.04% across different income segments.
- The lowest income group recorded a 15.26% increase, while the highest income group saw a 19.45% rise.
COMMODITY PRICES:
- Sona Urea:
- Average price: Rs4,746 per 50 kg bag
- Weekly change: -1.04%
- Yearly change: +56.01%
- Cement:
- Average price: Rs1,255 per 50 kg bag
- Weekly change: +1.40%
- Yearly change: +9.82%
The PBS data highlights significant fluctuations in the prices of essential commodities, reflecting the ongoing inflationary pressures in Pakistan’s economy.
