SPI inflation stays in double digits at 11.21%

The SPI tracks prices of 51 essential commodities across 50 markets in 17 cities.The decline in the weekly index was driven by lower petroleum prices, with petrol falling 7.42% and high-speed diesel declining 6.10%.

On a year-on-year basis, LPG recorded the highest increase, surging 111.35%, tomato prices increased 78.94%, while electricity charges for the lowest consumption category (Q1) rose 52.38%.Wheat flour prices climbed 36.14%, followed by diesel at 30.77% and petrol at 26.23%.

Meat prices remained elevated, with mutton becoming 14.67% more expensive, beef 11.30% and chicken 10.98% compared with the corresponding week last year.On a weekly basis, tomato prices rose 12.06%, followed by eggs at 5.98% and potatoes at 2.42%.

In contrast, petrol prices declined 7.42%, diesel 6.10% and onion prices 1.70%.

Of the 51 essential items, prices of 19 increased, nine decreased and 23 remained unchanged.The year-on-year inflation burden varied across consumption groups.

The highest increase of 11.33% was recorded for the fifth quintile, representing households with monthly expenditure above Rs44,175, followed by the second quintile at 11.14%.

SPI inflation stays in double digits at 11.21% Updated 6 minutes ago LPG prices surge 111.35%, tomatoes 78.94% YoY.