Weekly Inflation in Pakistan Increases by 4.16% YoY, The Sensitive Price Index (SPI)-based inflation for the week ending November 14, 2024, showed a 4.16% year-on-year (YoY) increase, according to the Pakistan Bureau of Statistics (PBS). Despite this rise, the YoY inflation rate is the lowest in six years, last recorded in October 2018, as reported by Topline Securities.
Highlights of SPI Inflation
- Year-on-Year Price Changes
- Major Increases:
- Pulse Gram: +74.53%
- Pulse Moong: +38.88%
- Powdered Milk: +25.74%
- Beef: +23.02%
- Significant Decreases:
- Wheat Flour: -34.98%
- Diesel: -13.92%
- Petrol: -11.64%
- Cooking Oil (5L): -4.86%
- Major Increases:
- Week-on-Week Price Changes (WoW)
- Overall Increase: 0.55%
- Top Risers:
- Tomatoes: +16.86%
- Eggs: +5.01%
- Garlic: +4.30%
- Item Trends
- Prices of 24 items (47.06%) increased.
- Prices of 6 items (11.76%) decreased.
- Prices of 21 items (41.18%) remained stable.
| Category | YoY Change (%) | WoW Change (%) |
|---|---|---|
| Pulse Gram | +74.53% | – |
| Wheat Flour | -34.98% | – |
| Tomatoes | +22.78% | +16.86% |
| Cooking Oil (5L) | -4.86% | – |
Key Takeaway
The recent SPI report highlights mixed inflation trends, with significant YoY increases in essential food items but notable price drops in commodities like wheat flour, diesel, and petrol. This week’s slight WoW inflation rise reflects growing costs of perishable items like tomatoes and eggs, impacting daily budgets.