Energy, food prices drive up SPI inflation by 0.82%

Due to a shortage of perishable commodities caused by torrential rains, the sensitive pricing indicator (SPI) reached an annualised high of 38.63 per cent, with weekly inflation increasing by 0.82 per cent for the seven-day period ending August 4, 2022, The News reported.
According to Pakistan Bureau of Statistics (PBS) data released on Friday, the spike can be attributed to rising prices of diesel (109.15 per cent), onions (107.95 per cent), pulse masoor (106.71 per cent), petrol (88.94 per cent), cooking oil 5 litre (74.44 per cent), mustard oil (73.89 per cent), chicken (73.42 per cent), vegetable ghee 1kg and 2kg (72.26 and 70.48 per cent), washing soap (62.62 per cent), pulse gramme (59.07 per cent), electricity for Q1 (52.61 per cent), gents sponge slippers (52.21 per cent), pulse maash (46.01 per cent) and garlic (41.16 per cent).-Agencies