Pakistan records lowest inflation in past seven years
ISLAMABAD: Pakistan’s Sensitive Price Indicator (SPI) has decreased to 0.44%, which is extremely lower than the 39.45% recorded last year on 1st February 2024. It marks the lowest SPI since April 12, 2018 when it was 0.29%. This week SPI observed a change of -0.36% from the previous week (wow).
Pakistan’s inflation rate dropped to 4.1 per cent in December 2024
WEB DESK: Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), dropped to 4.1 per cent year-on-year in December 2024, down from 4.9 per cent in November, according to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday. This marks the lowest inflation rate in 81 months,
Ghee, cooking oil prices surge amid market pressures
WEB DESK: The cost of cooking essentials has risen sharply as major ghee and cooking oil brands have significantly increased their prices. This price hike has further strained household budgets, with inflation continuing to climb. According to the Sensitive Price Index (SPI), price rises for sugar, cooking oil, firewood, tomatoes,
Weekly inflation climbs 0.38 per cent in Pakistan
WEB DESK: The Pakistan Bureau of Statistics (PBS) reported that the Sensitive Price Index (SPI) rose by 0.38 per cent for the week ending December 19 2024, primarily due to rising food prices. Key contributors to the uptick included a staggering 56.66 per cent increase in tomato prices, alongside smaller
Weekly inflation sees slight rise as food prices climb
WEB DESK: Sensitive Price Index (SPI) saw a slight increase of 0.07 per cent for the week ending December 12, 2024, according to the Pakistan Bureau of Statistics (PBS). This rise was primarily driven by higher prices of essential items, including chicken (up by 3.80 per cent), vegetable ghee (up
Here’s why falling inflation rates don’t lead to a drop in prices
Economic terms like “disinflation” and “deflation” often confuse the public, and can oversimplify statistics to present an exaggerated success. Following the announcement of a 44-month low inflation rate in September, some in the government rejoiced, declaring victory over soaring prices. However, the reality is more nuanced. The monthly inflation rate
Weekly inflation sees modest decline
According to Pakistan Bureau of Statistics data the Sensitive Price Index (SPI)-based inflation for the week ending on October 10, 2024, registered a slight decrease of 0.08 per cent. This marginal decline reflects a mixed trend in the prices of essential commodities. Out of the 51 monitored items, the prices
Weekly inflation drops further
Short-term inflation, measured by the Sensitive Price Index (SPI), fell for the third consecutive week, reaching 16.86% for the period ending August 8, according to Pakistan Bureau of Statistics data. This decline is primarily attributed to a high base effect from last year, though there was also a slight week-on-week
Pakistan’s weekly price index rises sharply
ISLAMABAD: The Weekly Sensitive Price Indicator (SPI) for the Combined Group saw a notable increase of 1.3 per cent for the week ending June 13, 2024, marking a significant 23.03 per cent rise compared to the same period last year, according to data from the Pakistan Bureau of Statistics (PBS).
Pakistan earns record-breaking $431 million from meat exports
According to data from the Sensitive Price Index (SPI), the national average price of beef with bone (average quality) is Rs700-1,250 per kg, compared to Rs600-1,050 in in July 2023. The national average price of mutton (average quality) rose to Rs1,500-2,300 per kg from Rs1,400-2,000 during June 2023. In the