Weekly inflation drops by 0.51 percent
Published on: December 23, 2023.
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Weekly Inflation Decreases by 0.51% in Pakistan
The Pakistan Bureau of Statistics (PBS) has reported a decrease of 0.51 percent in the weekly inflation, as measured by the Sensitive Price Indicator (SPI), for the combined consumption groups during the week ended on December 21. This decrease brings the SPI for the week to 310.00 points, compared to 311.58 points during the previous week.
It is worth noting that when compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review has increased by 42.60 percent.
The SPI, which has a base year of 2015-16 =100, covers 17 urban centers and 51 essential items for all expenditure groups.
Breaking down the SPI further, the lowest consumption group, with expenditure up to Rs 17,732, experienced a decrease of 0.39 percent, lowering the points from last week’s 306.02 to 304.83. Similarly, the SPI for consumption groups with expenditure ranging from Rs 17,732-22,888, Rs 22,889-29,517, Rs 29,518-44,175, and above Rs 44,175, decreased by 0.40 percent, 0.39 percent, 0.44 percent, and 0.59 percent respectively.
During the week, out of the 51 items covered by the SPI, prices of 18 items increased, 09 items decreased, and 24 items remained stable.
Some of the items that recorded a decrease in their average prices on a week-on-week (WoW) basis include potatoes (13.17%), petrol super (4.97%), diesel (4.68%), tomatoes (3.45%), sugar (1.16%), wheat flour bag (0.33%), chicken (0.13%), rice basmati broken (0.11%), and cooking oil 5 litre (0.07%).
On the other hand, the items that saw an increase in their average prices on a WoW basis include eggs (10.42%), firewood whole (1.23%), onions (1.19%), pulse moong (0.88%), pulse gram (0.79%), garlic & rice irri-6/9 (0.40%) each, pulse masoor (0.30%), LPG (0.26%), bananas (0.19%), shirting (0.15%), and georgette (0.13%).
In terms of year-on-year (YoY) comparison, the items that witnessed a decrease in prices included onions (23.92%), mustard oil (4.24%), vegetable ghee 1 kg (1.59%), vegetable ghee 2.5 kg (0.62%), and bananas (0.06%). On the other side, the commodities that recorded an increase in their average prices on a YoY basis included gas charges for q1 (1108.59%), cigarettes (93.22%), chili powder (81.74%), wheat flour (78.80%), garlic (72.48%), rice basmati broken (62.52%), rice irri-6/9 (59.45%), gents sponge chappal (58.05%), tomatoes (56.89%), gents sandal (53.37%), sugar (50.33%), and gur (49.86%).
For more information about rice suppliers and exporters in Pakistan, visit [Has Rice](https://www.hasrice.com) and [Pakistan Rice](https://www.pakistanrice.com).
Source: [The Nation](https://www.nation.com.pk)
