Islamabad – The Sensitive Price Index (SPI) indicates that short-term inflation rose by 4.23 percent year-on-year in the week ending February 26. This increase reflects higher prices for fruits and energy products within the domestic market.
Sustained Inflationary Pressure
SPI-based inflation has now increased for 30 consecutive weeks, placing continued pressure on household budgets. This prolonged trend is largely attributed to rising prices for vegetables, perishable goods, electricity, and petrol.
Despite the overall year-on-year increase, the SPI recorded a marginal week-on-week decline of 0.54 percent, according to official data released on Friday.
Price Fluctuations
Over the previous week, bananas saw the largest price increase at 4.49 percent, followed by shirting (1.36 percent) and LPG (0.86 percent). Conversely, prices for tomatoes decreased significantly, falling by 29.67 percent week-on-week. Potatoes, chicken, and onions also experienced price declines.
On an annual basis, wheat flour prices have increased by 29.51 percent, even as electricity charges for the first quarter rose by 17.33 percent.
Data indicates that 13 items increased in price, 14 decreased, and 24 remained stable compared to the previous week.
Frequently Asked Questions
What does the SPI measure?
The SPI measures short-term inflation, reflecting the retail prices of a basket of goods, and services.
Which items saw the largest price decrease week-on-week?
Tomatoes experienced the largest week-on-week price decrease, falling by 29.67 percent. Potatoes, chicken, and onions also saw significant declines.
What items have seen the biggest price increases over the past year?
Gas charges for the first quarter of the year have increased the most on an annual basis (29.85 percent), followed by wheat flour (29.51 percent).
How will these fluctuating prices impact consumer spending in the coming weeks?
