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The Sensitive Price Index (SPI)-based inflation for the week ending December 19, 2024, rose by 0.38%, driven by price hikes in tomatoes (56.66%), firewood (1.57%), vegetable ghee (2.5 kg, 0.95%), cooking oil (5 liters, 0.79%), and sugar (0.23%), according to the Pakistan Bureau of Statistics (PBS).
Out of the 51 essential items monitored, prices for 15 items (29.41%) increased, 13 items (25.49%) decreased, and 23 items (45.10%) remained unchanged.
The lowest income group experienced a weekly inflation increase of 0.68%, compared to a 0.30% rise for the highest income group. Annually, inflation ranged from 4.53% to 4.83%, with the lowest income group facing a 4.79% rise and the highest income group a 4.61% increase.
The average price of Sona urea rose to Rs4,558 for a 50 kg bag, marking a 0.36% increase from the previous week and a 1.44% rise compared to the previous year.
Key Weekly Price Increases
Tomatoes: Up by 56.66%, firewood: Up by 1.57%, garlic: up by 1.40%, vegetable ghee (2.5 kg): Up by 0.95%, cooking oil (5 liters): Up by 0.79%, mustard oil: Up by 0.74%, LPG: Up by 0.71%, sugar: Up by 0.23%,
Yearly Inflation Trends:
Over the year, inflation increased by 4.64%. The largest annual price hikes included: Tomatoes: Up by 95.54%, ladies’ sandals: Up by 75.09%, gram pulses: Up by 56.75%, potatoes: Up by 50.81%
