Weekly inflation eases by 0.57 percent
Business
Weekly inflation eases by 0.57 percent
ISLAMABAD (Dunya News) –The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on October 13 for the combined consumption group witnessed a decrease of 0.57 percent as compared to the previous week.
The SPI for the week under review in the above-mentioned group was recorded at 204.55 points against 205.73 points registered in the previous week, according to the latest data of Pakistan Bureau of Statistics (PBS) statement on Friday.
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 28.44 percent.
The weekly SPI with base year 2015-16 =100 is covering 17 urban centers and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group up to Rs 17,732 witnessed 0.79 percent decrease and went down to 210.05 points from last week’s 211.73 points.
Meanwhile, the SPI for the consumption groups from Rs 17,732-22,888; Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175 witnessed a decline of 0.78 percent, 0.66 percent, 0.60 percent and 0.47 percent respectively.
During the week, out of 51 items, prices of 17 (33.34%) items decreased, 18 (35.29%) items increased and 16 (31.37%) items remained stable.
The items which recorded decrease in their average prices on WoW basis included tomatoes (13.51%), eggs (2.12%), pulse masoor (2.07%), onions (1.57%), pulse gram (1.39%) and bananas (1.36%), non-food item, LPG (2.76%).
The commodities which recorded increase in their average prices included match box (5.65%), powdered milk (3.82%), firewood (2.09%), bread plain (2.05%), potatoes (1.78%), cooked beef (1.47%) and tea packet (1.24%)
On year-on-year basis, the commodities that witnessed decrease in prices included electricity for Quarter 1(45.61%), chillies powder (42.08%), sugar (12.79%) and gur (3.59%).
The commodities that witnessed increase in prices on YoY basis included tomatoes (194.26%), onions (167.89%), diesel (92.08%), petrol (76.07%), pulse gram (69.25%), pulse masoor (62.19%), cooking oil 5 litre (60.14%), washing soap (58.03%), mustard oil (56.53%), vegetable ghee 2.5 kg (56.30%), pulse mash (55.61%), pulse moong (53.72%) and vegetable ghee 1 kg (53.59%).
