The Sensitive Price Index (SPI)-based inflation for the week ending July 25, 2024, rose by 0.17 percent, driven by price hikes in chicken (4.80 percent), garlic (2.01 percent), gram pulses (1.87 percent), eggs (1.71 percent), beef (0.93 percent), gur (0.89 percent), and fresh milk (0.45 percent), according to the Pakistan Bureau of Statistics (PBS).
Throughout the week, prices of 19 out of 51 items (37.25 percent) increased, prices of 8 items (15.69 percent) decreased, and prices of 24 items (47.06 percent) remained unchanged.
On a year-over-year basis, the trend shows a 20.09 percent increase, primarily due to rises in gas charges for Q1 (570 percent), onions (105.46 percent), gram pulses (40.39 percent), powdered milk (39.11 percent), garlic (34.61 percent), moong pulses (29.77 percent), beef (23.52 percent), salt powder (23.28 percent), mash pulses (22.50 percent), and energy savers (17.96 percent).
Conversely, there was a decrease in the prices of wheat flour (31.75 percent), 5-liter cooking oil (13.44 percent), 2.5 kg vegetable ghee (10.42 percent), 1 kg vegetable ghee (9.85 percent), mustard oil (8.33 percent), eggs (5.82 percent), broken basmati rice (4.15 percent), and Lipton tea (2.52 percent).
