The Sensitive Price Index (SPI) for the week ending March 6, 2025, shows a year-on-year decrease of 0.87%, according to the Pakistan Bureau of Statistics (PBS). This marks the first instance of negative year-on-year inflation in nearly seven years, as highlighted by Topline Securities.

The decline is attributed to significant drops in the prices of onions (64.92%), tomatoes (57.05%), wheat flour (36.81%), chili powder (20.00%), and various other items, including electricity charges, tea, and pulses. Conversely, notable price increases were observed in ladies' sandals (75.09%), bananas (30.96%), and other essential goods such as powdered milk, beef, and vegetable ghee.

On a week-on-week basis, the SPI-based inflation fell by 0.09%, driven by reduced prices of onions, tea, garlic, and other food items. Out of 51 tracked items, prices for 20 items decreased, 18 remained stable, and 13 saw an increase.

These changes reflect a complex interplay of market forces and underscore the dynamic nature of Pakistan's inflation trends.