The Sensitive Price Index (SPI), has measure short-term weekly inflation, rose to 38.42 per cent on a year-on-year (YoY) basis in the outgoing week, The Pakistan Bureau of Statistics reported, quoting the latest data of the Pakistan Bureau of Statistics.
In order to satisfy the International Monetary Fund’s (IMF) demand before releasing $1.1 billion under an already agreed-upon $7 billion arrangement, the government imposed additional levies and increased fuel prices, which led to the rise and we have seen increase in weekly inflation rate.
Weekly SPI with base 2015-16=100 for the week ended on 09-02-2023 is 228.17 with 0.17% change over the previous week.. The SPI is used to gauge the prices of 51 essential items based on a survey of 50 markets in 17 cities in the country.
The Sensitive Price Index (SPI), which is used to gauge short-term inflation, increased to 38.42% year over year (YoY) in the prior week, according to the most recent statistics from the Pakistan Bureau of Statistics. Highest inflation rate in month of January in Pakistan.
34 goods had price increases over the previous week, five saw price decreases, and 12 saw no change. The group, whose monthly income ranged from Rs 29,518 to Rs 44,175 and had an inflation impact of 39.65%, was the most severely impacted by rising costs.