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Weekly SPI crosses 32% mark as food inflation goes up substantially

ISLAMABAD:JAN 27, 2024: Sensitive Price Indicator (SPI) is computed on weekly basis to assess the price movement of essential
commodities at shorter interval of time so as to review the price situation in the country. SPI comprises of 51 essential items collected from 50 markets in 17 cities of the country.

I. ANALYSIS OF WEEKLY SPI
i. The SPI for the current week ended on 26th January, 2023 recorded an increase of 0.45. Major increase observed in the prices of food items, Onions (5.51%), Rice Irri-6/9 (4.51%), Tomatoes (4.18%), Bananas (3.57%), Rice Basmati Broken (3.56%), Garlic (3.47%), Wheat Flour (1.81%), Pulse Gram (1.74%), Pulse
Moong (1.38%) and non-food item, LPG (5.29%).

ii. On the other hand decrease is observed in the prices of Potatoes (4.47%), Chicken (1.63%), Gur (0.90%),
Sugar (0.85%), Powdered Milk (0.26%) and Vegetable Ghee 2.5 Kg (0.08%).

iii. During the week, out of 51 items, prices of 25 (49.02%) items increased, 06 (11.76%) items decreased and
20 (39.22%) items remained stable.
iv. The year on year trend depicts an increase of 32.57%, Onions (532.23%), Chicken (102.09%), Eggs (69.48%),
Tea Lipton (63.92%), Rice Basmati Broken (61.23%), Diesel (57.34%), Pulse Moong (57.16%), Rice Irri-6/9 (57.05%), Bananas (53.95%), Salt Powdered (49.50%), Wheat Flour (48.71%), Bread (46.53%) and Petrol (45.21%), while decrease is observed in the prices of Tomatoes (27.84%), Chillies Powdered (15.32%),Electricity for Q1 (12.31%) and Gur (0.89%).

II. Current week over previous week (WoW) (26.01.2023 over 19.01.2023) showing 0.45% change.
i. (Major) Increased Items (percentage)
Food Items % Food Items % Non Food Item %
Onions 5.51 Garlic (Lehsun) 3.47 LPG 5.29
Rice IRRI-6/9 4.51 Wheat Flour 1.81
Tomatoes 4.18 Pulse Gram 1.74
Bananas 3.57 Pulse Moong 1.38
Rice Basmati Broken 3.56
ii. Decreased Items (percentage)
Food Items % Food Items % Food Items %
Potatoes -4.47 Gur -0.90 Powdered Milk -0.26 chicken -1.63 Sugar -0.85 Vegetable Ghee 2.5 kg Tin -0.08

III. Current week over corresponding week (YoY) (26.01.2023 over 27.01.2022) showing 32.57% change.
i. (Major) Increased Items (percentage)
Food Items % Food Items % Non Food Items %
Onions 532.23 Rice IRRI-6/9 57.05 Diesel 57.34Chicken 102.09 Bananas 53.95 Petrol 45.21 eggs 69.48 Salt Powdered 49.5
Tea Lipton 63.92 Wheat Flour 48.71
Rice Basmati Broken 61.23 Bread plain 46.53 , pulse moong (Washed) 57.16
ii. Decreased Items (percentage)
Food Items % Food Item % Non Food Item %
Tomatoes -27.84 Gur -0.89 Electricity Charges for Q1 -12.3

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