Pakistan's weekly inflation hits 19.82 percent

Weekly inflation declines 0.07 percent

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ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on December 9, for the combined consumption group, witnessed a slight decrease of 0.07 percent as compared to the previous week, Pakistan Bureau of Statistics (PBS) reported Friday.

According to PBS data, the SPI record of the week reviewed in the above group was 167.24 points, compared with 167.36 points in the previous week.

The food commodities that contributed in decline in weekly inflation included tomatoes, the prices of which decreased by 13.37 percent on Week-on-Week (WoW) basis.

Other food commodities that witnessed decline in prices included chicken (10.59%), potatoes (4.48%), LPG (2.96%), sugar (1.03%), gur (0.51%), wheat flour (0.46%), mustard oil (0.27%) and eggs (0.26%).

On Year-on-Year basis, the commodities that witnessed decrease in prices included onions (31.99%), tomatoes (27.61%), pulse Moong (25.03%), potatoes (17.64%), chicken (12.80%) and eggs (6.28%).

Meanwhile, the commodities that witnessed increase on WoW basis, included f bananas (3.34%), pulse Masoor (3.29%), pulse Gram (2.83%), pulse Mash (2.78%), pulse Moong (2.32%), washing soap (2.19%), onions (1.65%) and match Box (1.17%).

The items that witnessed increase in prices on YoY basis included electricity for Q1 (75.32%), LPG (65.43%), cooking oil 5 litre (61.26%), vegetable ghee 1 Kg (58.14%), mustard oil (55.29%), vegetable ghee 2.5 Kg (55.25%), washing soap (45.85%), petrol (44.35%), diesel (34.93%), gents sandal (33.37%) and chilies powdered (33.00%).

At the same time, compared with the same period last year, the SPI of the comprehensive consumer group rose 18.58% this week.

The weekly SPI with 2015-16=100 as the base year covers 51 basic items in 17 urban centers and all expenditure groups.

The sensitive price index of the lowest consumer group (up to 17,732 rupees) dropped by 0.14% from 176.77 points last week to 176.52 this week.

At the same time, the consumer group’s SPI was 17,732-22,888 rupees; 22,889-29,517 rupees; 29,518-44,175 rupees and above 44,175 rupees, also dropped by 0.12%, 0.07%, 0.02% and 0.07%, respectively.

This week, among 51 projects, 19 (37.25%) projects had price increases, 09 (17.65%) projects fell, and 23 (45.10%) projects remained stable.

It is worth mentioning that the weekly SPI with 2015-16=100 as the base year covers 51 basic items in 17 urban centers and all expenditure groups.

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