According to the Pakistan Bureau of Statistics (PBS), the Sensitive Price Index (SPI)-based inflation for the week ending April 25, 2024, fell by 1.10% to 26.94%
Due to a drop in the prices of tomatoes (20.83 %), onions (14.43 %), chicken (11.64 %), wheat flour (4.92%), eggs (4.45%), chilli powder (3.86%), and LPG (2.22%).
Arif Habib Limited
According to Arif Habib Limited, this is the lowest YoY growth in nearly 7 months, reaching a level last seen on September 14, 2023.
For the week ended April 25th, 2024, SPI recorded a YoY growth of 26.9% YoY. This marks its lowest YoY growth in nearly seven months, reaching a level not seen since Sept 14th, 2023, when it recorded a 26.25% increase.@PBSofficialpak @StateBank_Pak #PBS #Inflation #Pakistan… pic.twitter.com/hm4Du8pyKa
— Arif Habib Limited (@ArifHabibLtd) April 26, 2024
Different Items
The year-on-year trend depicts an increase of 26.94 percent, mainly due to an increase in the prices of petrol charges for q1 (570.00%).
Tomatoes (122.34%), onions (121.31%), chilies powder (76.53%), gents sandal (66.71%).
Garlic (65.11%), gents sponge chappal (58.05%), salt powder (31.87%), shirting (30.17%), gur (27.18%), pulse mash (27.07%) and beef (24.07%), while a decrease is observed.
During the week, 15 (29.41%) of the 51 items’ prices rose, 10 (19.61%) fell, and 26 (50.98%) were stable.
The SPI for the week under review was 320.14 points, compared to 323.71 points the previous week, according to PBS statistics issued on Friday.
The SPI for consumption groups up to Rs. 17,732, Rs. 17,732-Rs. 22,888, Rs. 22,889-Rs. 29,517, Rs. 29,518-Rs. 44,175 and above Rs. 44,175 fell by 1.30 percent, 1.29 percent, 1.16 percent, 1.17 percent, and 1.02 percent, respectively.
To read our blog on “Pakistan’s inflation drops to its lowest level in 22 months,” click here
