Pakistan's weekly inflation hits 19.82 percent

Pakistan’s weekly inflation hits 19.82 percent

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ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on January 13, for the combined consumption group, witnessed decrease of 0.43 percent as compared to the previous week, Pakistan Bureau of Statistics (PBS) reported Friday.

According to PBS, the aforementioned group had an SPI of 167.39 points in the week under review, compared with 168.12 points in the previous week.

Food commodities that contributed to the decline in weekly inflation included chicken, whose price fell by 3.40% on a weekly (WoW) basis.

Other food commodities that witnessed decline in prices included potatoes potatoes (1.65%), tomatoes (1.26%), wheat flour (0.61%), garlic (0.47%), sugar (0.17%) and curd (0.16%). Among non-food items, the prices of LPG went down by 1.15% during the week.

On Year-on-Year basis, the commodities that witnessed decrease in prices included tomatoes (40.82%), pulse moong (25.37%), chillies powdered (6.71%) and sugar (0.40%).

Meanwhile, the commodities that witnessed increase on WoW basis, included onions (14.65%), bananas (1.51%), firewood (1.30%) and match box (1.14%).

The items that witnessed increase in prices on YoY basis included Electricity for Q1 (84.86%), cooking oil 5 litre (53.49%), gents sponge chappal (50.25%), LPG (50.18%), vegetable ghee 2.5 kg (49.68%), vegetable ghee 1 kg (49.34%), washing soap and mustard oil (45.85%) each, gents sandal (44.49%), pulse Masoor (39.14%), petrol (36.13%) and diesel (28.07%)

Meanwhile, as compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 19.82 percent.

The weekly SPI with base year 2015-16=100 is covering 17 urban centers and 51 essential items for all expenditure groups.

The sensitive price indicator for the lowest consumption group was as high as Rs 17,732, down 0.30 per cent to 175.38 this week from 175.91 last week.

Likewise, the SPI of the consumer group at Rs 17,732-22,888; Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175 also decreased by 0.38%, 0.42%, 0.46% and 0.44% respectively.

This week, among the 51 varieties, the prices of 16 (31.37%) varieties increased, 09 (17.65%) varieties decreased, and the prices of 26 (50.98%) varieties remained stable.

It is worth mentioning that the weekly SPI with a base year of 2015-16=100 covers 51 basic items across 17 urban centers and all spending groups.

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