ISLAMABAD: Despite rising fuel prices, short-term inflation was essentially constant in the week ending March 7 at 32.39 percent year over year.
Week over week, the SPI increased by 1.11 percentage points. The Sensitive Price Index (SPI), which measures weekly inflation, peaked at 48.35 percent year over year in early May 2023. From there, it declined to 24.4 percent in late August 2023 until reaching 40 percent in the week that ended on November 16, 2023.
Week-over-week, the prices of onions (33.86 percent), potatoes (23.81 percent), tomatoes (16.42 percent), bananas (7.12 percent), and LPG (4.43 percent) increased. The commodities that saw the biggest price decreases from the previous week were plain bread (0.51pc), cooking oil (0.96pc), tea (1.29pc), and chicken (6.95pc).
Gas (570pc), tomatoes (176.55pc), chilli powder (81.74pc), wheat flour (57.04pc), onions (51.56pc), garlic (45.69pc), gur (44.94pc), sugar (41.69pc), and potatoes (39.08pc) were the commodities whose costs climbed the most annually.
By contrast, the costs of bananas (17.95pc) and five-liter cooking oil (19.53pc) decreased year over year, while the prices of vegetable ghee decreased by 20.15pc.
