KARACHI: Due to a sharp increase in electricity prices, the sensitive pricing index (SPI), which measures weekly inflation, increased by more than 4%.According to data released on Friday by the Pakistan Bureau of Statistics (PBS), the SPI-based inflation rate increased 4.13% from the previous week to the week ending October 27 while increasing 30.68% from the same time last year.
According to data made public by PBS, the cost of power, salt, rice, and other basic commodities went up on average during the previous week.There has been a decrease in the cost of 16 goods, including chicken, tomatoes, onions, and Masoor pulses. In the meantime, the prices for 14 necessities remained the same.
Recall that a negative Rs10 per unit adjustment to fuel prices was implemented in September. The government opted to postpone the Rs. 10 per unit adjustment for the June fuel price, but it had already been accounted for in the inflation figures for August, therefore it was corrected for in the September inflation figures.Inflation is expected to be 25.7% in October, up from 23.2% in September, according to the brokerage.
The combined income group index increased from 205.27 points the week before the 20th of October to 213.74 points the following week.
