Pakistan’s short-term inflation indicator recorded a significant rise, with the Sensitive Price Indicator (SPI) increasing by 6.44% year-on-year for the week ending March 11, 2026, according to data released by the Pakistan Bureau of Statistics. On a week-on-week basis, the SPI rose by 1.89%, largely driven by sharp increases in energy and essential food prices. Petrol prices surged by 20.60% and diesel by 19.54%, while liquefied petroleum gas rose by 12.13% following recent fuel price adjustments linked to global tensions involving the US, Israel, and Iran. Several food items also recorded price hikes, including onions, bananas, wheat flour, chicken, and pulses. However, some commodities showed slight declines, with tomato and potato prices dropping during the same period, along with minor decreases in garlic, rice, pulses, mustard oil, and sugar.