The Sensitive Price Indicator (SPI) based inflation reversed a two-week decreasing trend and increased by 0.37 percent for the week ended on December 28.
According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, inflation on a year-on-year basis increased by 43.25 percent during the week as compared to the corresponding period of the last year. Earlier, the inflation for the week ended on December 14 and December 21 decreased by 0.06 percent and 0.51 percent respectively.
The inflation for the week ended on December 28 for the lowest income group (Q1) witnessed an increase of 0.40 percent, while it went up by 35.75 percent on a year-on-year (YoY) basis for the same group. For the other four income groups, the weekly inflation increased from 0.35 percent (Q5) to 0.41 percent (Q2), while it went up from 40.74 percent (Q2) to 46.99 percent (Q3) on a year-on-year (YoY) basis.
According to the PBS, the combined index was at 311.14 on December 28, 2023 as compared to 310 on December 21, 2023, while the index was recorded at 217.20 a year ago on December 29, 2022.
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