Pakistan’s Weekly Inflation Declines by 1.39%
Published on: May 11, 2024.
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Weekly Inflation Decreases by 1.39% in Pakistan
(Pakistan, May 9) – The Sensitive Price Indicator (SPI) measured by the Pakistan Bureau of Statistics (PBS) reported a 1.39% decrease in weekly inflation for the combined consumption groups. According to PBS data, the SPI for this week was recorded at 312.56 points, down from 316.95 points last week.
In comparison to the same week last year, the SPI for the combined consumption group experienced a significant increase of 22.32%.
Out of the 51 items monitored, prices of 12 items increased (23.53%), 13 items decreased (25.49%), and 26 items remained stable (50.98%).
Commodities that saw a decrease in average prices on a week-on-week basis included onions (19.22%), chicken (18.83%), wheat flour (4.00%), LPG (3.67%), bananas (2.32%), garlic (1.44%), rice basmati broken (0.75%), mustard oil, and sugar (0.48%) each, and firewood (0.23%).
Meanwhile, commodities that recorded an increase in average prices on a week-on-week basis included tomatoes (19.24%), eggs (4.73%), potatoes (4.38%), pulse gram (0.91%), cooking oil 5-litre (0.89%), beef (0.64%), vegetable ghee 2.5 kg (0.44%), and fresh milk (0.41%).
On a year-on-year basis, commodities that witnessed a decrease included bananas (38.79%), wheat flour (28.21%), chicken (20.27%), cooking oil 5-litre (19.74%), vegetable ghee 2.5 kg (16.73%), vegetable ghee 1 kg (16.67%), mustard oil (13.11%), LPG (10.52%), eggs (7.91%), and diesel (2.04%).
The weekly SPI, which uses the base year 2015-16 = 100, covers 17 urban centers and 51 essential items for all expenditure groups.
For the lowest consumption group up to Rs. 17,732, the SPI decreased by 0.99%, going down to 303.24 points from the previous week’s 306.26 points.
Furthermore, the SPI for consumption groups ranging from Rs. 17,732-22,888, Rs. 22,889-29,517, Rs. 29,518-44,175, and above Rs. 44,175, decreased by 1.00%, 1.35%, 1.49%, and 1.53% respectively.
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