The Sensitive Price Indicator (SPI) based inflation decreased by 0.68 percent for the week ended on April 14 after surging 1.53 percent, 0.53 percent and 1.10 percent in the previous three weeks.
According to the data released by Pakistan Bureau of Statistics (PBS), inflation on a year-on-year basis decreased to 16.44 percent from 17.87 percent recorded a week earlier.
The weekly inflation for the lowest income group (Q1) witnessed a decrease of 1.01 percent, while it went 14.33 percent up on a year-on-year (YoY) basis for the same group. Overall for the other four income groups, the weekly inflation decreased from 0.56 percent (Q5) to 0.95 percent (Q2), while it went up from 15.46 percent (Q2) to 17.15 percent (Q5) on a year-on-year (YoY) basis.
According to the PBS, the combined index was at 173.27 on April 14, 2022 as compared to 174.45 on April 07, 2022 while the index was recorded at 148.80 a year ago on April 15, 2021.
The SPI is computed on a weekly basis to assess the price movements of essential commodities at a shorter interval of time so as to review the price situation in the country. —TLTP
