Weekly Inflation Sees an Increase of 1.36%
Published on: January 14, 2024.
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The Pakistan Bureau of Statistics (PBS) has reported that the weekly inflation, as measured by the Sensitive Price Indicator (SPI), increased by 1.36% for combined consumption groups during the week ending on January 11. This is compared to the previous week, where the SPI was recorded at 313.66 points. The SPI for this week reached 317.92 points.
In comparison to the same week last year, the SPI has increased by 44.16% for the combined consumption group. The SPI, with the base year of 2015-16 = 100, covers 17 urban centers and 51 essential items across all expenditure groups.
For the lowest consumption group, up to Rs. 17,732, the SPI increased by 1.20% from last week. It rose from 308.53 points to 312.23 points. The SPI also increased for other consumption groups, including those with expenditures from Rs. 17,732-22,888, Rs. 22,889-29,517, Rs. 29,518-44,175, and above Rs. 44,175. The increases for these groups were 1.34%, 1.29%, 1.28%, and 1.34% respectively.
Out of the 51 items considered, 21 (41.18%) experienced an increase in prices, 8 (15.68%) witnessed a decrease, and 22 (43.14%) remained stable. Some items that experienced a decrease in average prices on a week-on-week basis include potatoes (5.92%), vegetable ghee 1 kg (0.84%), sugar (0.43%), vegetable ghee 2.5 kg (0.29%), mustard oil (0.26%), cooking oil 5 liters (0.17%), garlic (0.13%), and pulse moong (0.06%). On the other hand, items that saw an increase in their average prices include tomatoes (15.63%), onion (8.94%), chicken (6.42%), electricity charges for q1 (5.11%), eggs (4.31%), matchbox (2.56%), gur (2.30%), LPG (2.29%), pulse gram (2.11%), energy saver (1.40%), pulse mash (0.83%), and rice irri-6/9 (0.67%).
When looking at the year-on-year basis, some items experienced a decrease in prices, such as mustard oil (7.10%), onion (6.68%), vegetable ghee 1 kg (1.67%), and bananas (1.53%). On the other hand, commodities that witnessed an increase in their average prices on a year-on-year basis include gas charges for q1 (1108.59%), tomatoes (155.83%), cigarettes (93.22%), chili powder (81.74%), garlic (60.43%), gents sponge chappal (58.05%), sugar (57.20%), wheat flour (55.26%), gents sandal (53.37%), rice irri-6/9 (51.57%), gur (50.58%), and broken rice basmati (46.91%).
Overall, these statistics provide valuable insights into the current inflation trends in Pakistan. It is important for consumers and businesses to stay informed about the changing prices of essential items. For more information on rice exporters and suppliers in Pakistan, you can visit the websites for HAS Rice and Pakistan Rice.
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