SPI Increases and Stock Market Recovery

Pakistan's Sensitive Price Index (SPI) has seen a significant increase, marking the third consecutive week of rising inflation. According to recent data, the year-on-year SPI increase stands at 5.08%, while the week-on-week increase is 0.80%. The prices of certain essential items have witnessed a substantial hike, with chicken prices rising by 22.47%, tomatoes by 20.75%, and sugar by 2.19%. On the other hand, onions and potatoes have seen a decline in prices, with onions decreasing by 8.13% and potatoes by 2.38%. The year-on-year increase in tomatoes is particularly noteworthy, with a staggering 138.53% rise. These developments are likely to impact the stock market, with investors closely monitoring the situation. As the country grapples with rising inflation, policymakers will need to carefully assess the situation and implement measures to stabilize the economy.