
11/18/2023
Weekly inflation skyrockets by 10% due to gas price hike
The Weekly Sensitive Price Indicator (SPI) for the Combined Group skyrocketed by 9.95% WoW during the week ended November 16, 2023, on the back of the gas price hike during the review week.
Moreover, the SPI surged back above the 40% mark, to clock in at 41.9% YoY compared to the corresponding period from last year.
According to data released by the Pakistan Bureau of Statistics (PBS) the Combined Index was at 309.09 compared to 281.12 on November 08, 2023, while the index was recorded at 217.82 a year ago, on November 17, 2022.