Weekly inflation up by 0.49 percent

SPI based weekly inflation declines by 0.68 pc

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ISLAMABAD: The weekly inflation rate for the composite consumer group based on Sensitive Price Indicators (SPI) for the week ended April 14 decreased by 0.68% compared to the previous week.

The SPI for the week under review in the aforementioned group stood at 173.27 points, compared to 174.45 points the previous week, according to the latest data published here by the Pakistan Bureau of Statistics (PBS) on Friday.

Compared with the same period last year, the SPI of the comprehensive consumer group in the review week increased by 16.44%.

The weekly SPI for the base year 2015-16=100 covers 17 urban centers and 51 base items across all spending groups.

The sensitive price indicator for the lowest consumption group was as high as Rs 17,732, down 1.01 per cent from 184.35 points last week to 182.48 points for the week under review.

Meanwhile, the SPI of the consumer group was down at Rs 17,732-22,888; Rs 22,889-29,517; Rs 29,518-44,175 and above and Rs 44,175 down by 0.95%, 0.80%, 0.73% and 0.56% respectively.

During the week, out of 51 items, prices of 17 (33.33%) items increased, 10 (19.61%) items decreased and 24 (47.06%) items remained stable.

The items, which recorded decrease in their average prices on WoW basis, included tomatoes (34.14%), onions (8.46%), potatoes (3.73%), garlic (3.68%), bananas (2.61%), mustard oil (0.34%), wheat flour (0.33%) and sugar (0.25%), non-food items, LPG (1.25%) and firewood (0.80%).

The commodities, which recorded increase in their average prices, included cigarettes (5.46%), eggs (2.12%) and pulse masoor (1.15%).

On year-on-year basis, the commodities that witnessed decrease in prices included chillies powdered (39.50%), pulse moong (26.95%), potatoes (22.36%), eggs (20.13%) and sugar (11.02%).

The commodities that witnessed decline in prices included tomatoes (85.04%), lpg (79.12%), garlic (77.00%), onions (67.68%), cooking oil 5 litre (58.14%), vegetable ghee 2.5 kg (57.31%), mustard oil (56.76%), vegetable ghee 1 kg (56.45%), pulse masoor (42.51%), washing soap (38.83%), petrol (35.25%) and diesel (27.00%).

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