ISLAMABAD - Inflation based on Sensitive Price Index (SPI) recorded marginal increase of 0.94 percent during the week ended on September 29 after showing massive decline in preceding week.

The SPI based inflation has shown increase of 0.94 percent during the week ended on September 29 over the preceding week, according to the latest data of Pakistan Bureau of Statistics (PBS). The SPI was recorded at 205.13 points during the week ended on September 29 as compared to 203.21 point during the week ended on September 22. On annual basis, the weekly inflation has enhanced to 30.62 percent.

The weekly inflation in previous week had recorded massive decline of 8.11 percent mainly due to the lower fuel charge adjustment due to revision in base tariff and government deferral of June FCA of Rs9.9 per unit. However, it once again recorded an increase the period under review. Inflation is on the higher sides mainly due to the economic policies of the government and impact of devastating floods in different parts of the country.

According to the PBS data, during the week under review, out of 51 items, prices of 20 (39.22 percent) items increased, 10 (19.61 percent) items decreased and 21 (41.17 percent) items remained stable.

The SPI for the current week ended on 29th September, 2022 recorded an increase of 0.94 percent. Increase was observed in the prices of food items, onions (47.77 percent), tomatoes (30.29 percent), tea Lipton (2.50 percent), bread (1.74 percent). In non-food item, prices of washing soap enhanced by (1.13 percent).

On the other hand, decrease was observed in the prices of LPG (4.14 percent), wheat flour (2.99 percent), pulse masoor (1.59 percent), bananas (1.50 percent), cooking oil 5 litre (1.12 percent), sugar (0.60 percent), garlic (0.22 percent), vegetable ghee 2.5kg (0.17 percent) and vegetable ghee 1kg & potatoes (0.13 percent) each.

The prices of following commodities remained unchanged including beef with bone (average quality), pulse mash (washed), salt powdered, chilies powdered, cooked beef at average hotel, cooked daal at average hotel, tea prepared ordinary, cigarettes Capstan, long cloth shirting (average quality), electricity charges, gas charges upto 3.3719 MMBTU, firewood whole, petrol super, Hi-speed diesel, telephone call charges.

According to the PBS data, the Sensitive Price Indicator for the lowest consumption group up to Rs17,732 witnessed 1.55 percent increase and went up to 209.18 points this week from  205.98 points in last week. Meanwhile, the SPI for the consumption groups from Rs17,732-22,888; Rs22,889-29,517; Rs29,518-44,175 and above Rs 44,175 also increased by 1.43 percent, 1.16 percent,1.03 percent and 0.72 percent respectively.

The year on year trend depicts an increase of 30.62 percent, tomatoes (224.2 percent), onions (139.03 percent), diesel (105.12 percent), petrol (91.87 percent), pulse gram (74.56 percent), pulse masoor (72.42 percent), mustard oil (64.53 percent), washing soap (63.33 percent), cooking oil 5 litre (61.78 percent), vegetable ghee 2.5 kg (58.37 percent), pulse mash (57.36 percent), vegetable ghee 1 kg (55.89 percent), gents sponge chappal (52.21 percent) and pulse moong (47.96%), while decrease observed in the prices of electricity (45.61 percent), chillies powder (42.73 percent), sugar (18.27 percent) and gur (1.92 percent).