Annual SPI Inflation Reaches 14.75% In Pakistan

Pakistan’s weekly inflation, as measured through the Sensitive Price Indicator (SPI), recorded a decline of 0.56% for the week ending June 4, 2026, compared to the preceding week. However, on a year-on-year basis, inflation increased by 14.75%, according to data released by the Pakistan Bureau of Statistics.

The weekly decline was primarily attributable to reductions in the prices of several food and energy-related commodities. Significant decreases were observed in chicken, which fell by 9.48%, garlic by 9.13%, diesel by 7.01%, petrol by 6.80%, pulse gram by 0.38%, pulse mash by 0.34%, pulse moong by 0.11%, mustard oil by 0.04%, beef by 0.02%, and firewood by 0.01%.

Despite the overall weekly decline, several essential consumer goods recorded notable price increases. Onion prices rose sharply by 28.16%, while potatoes increased by 21.91% and tomatoes by 9.56%. Additional increases were reported in bananas, vegetable ghee, washing soap, liquefied petroleum gas (LPG), cooking oil, fresh milk, wheat flour, and cigarettes.

According to PBS, of the 51 essential commodities monitored under the SPI basket, prices of 22 items increased during the week, 10 items registered declines, while 19 commodities remained unchanged.

The inflationary impact varied across income groups. Weekly SPI inflation increased by 0.32% for the lowest-income segment (Q1) and by 0.04% for Q2. Conversely, inflation declined by 0.14% for Q3, 0.38% for Q4, and 0.88% for the highest-income group (Q5), indicating differing consumption patterns and expenditure sensitivities among income categories.

On an annual basis, SPI inflation rose by 14.75%, reflecting substantial increases in the prices of several key household items and utilities. The most significant year-on-year increases were recorded in onions, which surged by 100.68%, followed by wheat flour at 59.88%, electricity charges for Q1 consumers at 59.40%, LPG at 57.09%, petrol at 50.60%, and diesel at 49.63%.

Other commodities registering notable annual increases included tomatoes, mutton, chili powder, beef, bananas, and powdered milk.

In contrast, several items experienced lower prices compared to the corresponding period last year. Potatoes declined by 38.44%, eggs by 26.67%, pulse gram by 22.61%, sugar by 15.56%, powdered salt by 13.26%, chicken by 12.84%, pulse masoor by 12.50%, and pulse moong by 4.51%.

PBS further reported that annual SPI inflation across income groups stood at 12.59% for Q1, 15.26% for Q2, 13.35% for Q3, 13.05% for Q4, and 14.08% for Q5.

The latest SPI data reflects continued inflationary pressures across essential consumer goods despite short-term weekly easing, highlighting ongoing cost-of-living challenges for households and businesses across Pakistan.