Short-Term Inflation in Pakistan Clocks in at 5.1%

The Sensitive Price Index (SPI) based inflation for the week ended December 26, 2024, increased by 5.08 on a year-on-year basis, according to the data issued by the Pakistan Bureau of Statistics (PBS).   The year-on-year trend depicts an increase mainly due to an increase in the prices of Tomatoes (138.53 percent), Ladies Sandal (75.09 percent), Potatoes (61.17 percent), Pulse Gram (51.17 percent), Pulse Moong (31.51 percent), Powdered Milk (25.62 percent), Beef (24.28 percent), Garlic (17.27 percent), Gas Charges for Q1 (15.52 percent), Cooked Daal (15.10 percent), Shirting (14.36 percent) and Firewood (13.14 percent).  While major decrease was observed in the prices of Wheat Flour (36.20 percent), Onions (31.21 percent), Chilies Powder (20.00 percent), Eggs (12.89 percent), Pulse Masoor (11.18 percent), Rice Basmati Broken (7.98 percent), Diesel (7.49 percent), Electricity Charges for Q1 (6.96 percent), Pulse Mash (6.27 percent), Bread (6.01 percent) and Petrol (5.64 percent).  On the other hand, the SPI based inflation increased by 0.80 percent on week-on-week basis due to an increase in the prices of Chicken (22.47 percent), Tomatoes (20.75 percent), Sugar (2.19 percent), Vegetable Ghee 1Kg (1.17 percent), Firewood (0.95 percent), Vegetable Ghee 2.5Kg (0.91 percent), Cooking Oil 5 Litre (0.74 percent), Cooked Beef & Mustard Oil (0.69 percent) each, LPG (0.18 percent) and Washing Soap (0.09 percent).  During the week, out of 51 items, prices of 17 (33.33 percent) items increased, 10 (19.61 percent) items decreased and 24 (47.06 percent) items remained stable.