Pakistan's weekly inflation hits 19.82 percent

Weekly inflation increases by 0.55 percent


Islamabad: The prices of various food items went down during the week ending on December 16 as compared to the previous week, according to the Sensitive Price Indicator (SPI) data released by Pakistan Bureau of Statistics (PBS) here Friday.

The data shows that the food commodities that have fallen from the previous month include potatoes and tomatoes, and their prices have fallen by 15.52% and 12.65%, respectively.

The other food products that witnessed decrease in prices included chicken (5.94%), onions (3.94%), eggs (1.69%), gur (1.34%), sugar (1.29%), chilies powdered (0.57%), beef (0.54%), pulse Moong (0.37%), rice Basmati broken (0.20%), mutton (0.15%) and wheat flour (0.04%).

Among non-food items, the prices of diesel and petrol went down by 3.48% and 3.40% respectively, the data revealed.

On Year-on-Year (YoY) basis, the commodities that witnessed decrease in prices during the week compared to corresponding week of last year included onions (28.72%), pulse Moong (24.87%), chicken (16.09%), tomatoes (14.76%), potatoes (14.58%) and eggs (9.86%).

On the other hand, the items that witnessed increase in prices on WoW basis included pulse Masoor (4.11%), salt (3.70%), pulse Gram (2.08%), bananas (1.69%), mustard oil (1.35%), pulse Mash (1.32%).

In the non-food category, electricity prices rose by 10.37% in the first quarter, and soap prices rose by 1.23%.

Commodities that increased year-on-year in the first quarter include electricity (83.95%), liquefied petroleum gas (65.26%), edible oil 5 liters (60.37%), vegetable ghee 1 kg (57.56%), vegetable ghee 2.5 kg (55.62%), mustard oil (55.60%), detergent soap (45.75%), gasoline (35.42%), chili powder (32.24%), pulse Masoor (29.52%) and diesel (26.72%).

This week, out of 51 projects, 17 projects (33.34%) rose, 15 projects (29.41%) fell, and 19 projects (37.25%) remained stable.

It is pertinent to mention here that the overall SPI based weekly inflation for the week ended on December 16 witnessed an increase of 0.55 per cent for the combined income group as compared to the previous week.

The SPI for the week under review in the above mentioned group was recorded at 168.16 points against 167.24 points registered in the previous week.

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 up to Rs17,732 witnessed 0.45 percent increase and went up from 176.52 points in last week to 177.32 points during the week under review.

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 increased by 0.98%, 0.43%, 0.11% and 0.30% respectively.

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