Karachi:
The Sensitive Price Index (SPI) for the week ended on June 4, 2025, recorded a marginal rise of 0.02%, reflecting mixed prices for basic goods across Pakistan. SPI, which follows 51 basics in 50 markets in 17 cities, has shown remarkable weekly increases in tomatoes (16.94%), potatoes (11.52%) and onions (5.21%). Moderate price increases were also observed in bananas (1.57%), eggs (1.34%), sugar (1.24%), broken basmati rice (1.02%), GUR (0.81%) and gasoline (0.41%).
In contrast, chickens prices decreased abruptly by 11.22%, while garlic decreased by 3.71%. Small reductions were recorded in LPG, ghee vegetables and cooking oil. Overall, prices of 18 figures (35.29%) increased, 6 figures (11.77%) decreased and 27 figures (52.94%) remained unchanged.
On an annual basis, the SPI published a slight decrease of 0.02%, indicating the relative stability of the prices. However, some items showed abrupt annual hikes, including ladies (55.62%), eggs (35.36%), Pulse Moong (31.74%), powdered milk (23.82%) and sugar (23.51%). Other increases were observed in beef, bananas and various pulses.
Significant annual reductions were recorded in onions (64.90%), electricity charges for the first quarter (36.54%), garlic (27.79%), potatoes (23.15%) and tomatoes (18.10%). Wheat flour, tea, chili, diesel and IRRI rice also recorded lower prices compared to last year.
The Pakistani Consumer Price Index (CPI) is expected to be 2.7% for May 2025, according to KS Global. “The main result is now faded, marking the return to normal price trends,” said Muhammad Waqas Ghani, head of JS Global research. This brings average inflation for 11MFY25 to 4.7%, decreased significantly from 24.9% to 11mfy24. JS Global provides FY25’s average inflation at 4.6%, with a 12 -month estimation of 5.7%. Following rapid frustration, the Pakistani State Bank (SBP) reduced the policy rate to 11% at the last meeting of the Monetary Policy Committee (MPC). A further decrease in 50-100 base units is possible, with the next MPC meeting scheduled for June 16, 2025.
a href=”https://tribune.com.pk/story/2549743/vegetables-drive-weekly-spi-up-002″>Source link
