Weekly SPI inflation up 0.29pc

Pakistan’s Sensitive Price Index (SPI) rose 0.29 percent in the week ending November 5, according to data from the Pakistan Bureau of Statistics reported by Business Recorder. The biggest weekly increase was in tomatoes, up 54.18 percent, while LPG climbed 3.72 percent; potatoes and eggs also became more expensive.

Prices increased for 21 of the 51 items tracked, fell for 10 and were unchanged for 20. On a year-on-year basis, the SPI was 12.31 percent higher, with LPG up 114.88 percent and tomatoes up 78.89 percent; potatoes, eggs and sugar recorded annual declines. Weekly inflation varied by income: it reached 0.86 percent for households earning up to Rs17,732, compared with 0.10 percent for the highest-income group. The overall index moved from 373.51 to 374.6 points.