Weekly inflation drops slightly

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended November 12 witnessed a nominal decrease of 0.07 per cent as compared to the previous week.

The SPI for the week under review in the combined consumption group was recorded at 142.71 points against 142.81 points registered in the previous week, according to the data released by the Pakistan Bureau of Statistics (PBS) on Saturday.

As compared to the corresponding week of last year (YoY), the SPI for the combined consumption group witnessed an increase of 7.68pc during the week under review.

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

The SPI for the lowest consumption group, up to Rs17,732, witnessed 0.32pc decrease. from 150.84 points in the last week to 150.35 points during the week under review.

Meanwhile, SPI for the consumption groups from Rs17,732-Rs22,888, Rs22,889-Rs29,517; Rs29,518-Rs44,175; Rs29,518-Rs44,175 and above Rs44,175 per month also decreased by 0.33pc, 0.16pc, 0.01pc and 0.07pc, respectively.

During the week, prices of 11 items decreased, 18 items increased while that of 22 items remained unchanged.

The items that recorded a decrease in their average prices included electricity charges, tomatoes, moong pulse, gur, garlic, gram pulse, onions, wheat flour, mutton, masoor pulse and rice.

On the other hand, commodities which recorded an increase in average prices included chicken, bananas, matchbox, cooked beef, cooked daal, sugar, potatoes, georgette, mustard oil, mash pulse, washing soap, eggs, LPG cylinder, vegetable ghee, curd, firewood, powdered milk and beef.

Similarly, the prices of commodities that observed no change during the week under review included basmati rice, bread, fresh milk, cooking oil, vegetable ghee, salt, chillies, tea, cigarettes, long cloth, shirting, lawn, gents sandal, ladies sandal, gas charges, energy saver, petrol, diesel, telephone call and toilet soap.

According to PBS analysis, the nominal decrease in weekly inflation was mainly due to a fall in prices of food items including tomatoes at 2.75pc, moong at 1.42pc, gurr at 1.15pc, garlic at 1.00pc, pulse gram at 0.98pc, onions at 0.59pc, wheat flour at 0.47pc, mutton at 0.31pc, pulse masoor at 0.26pc and rice at 0.17pc.

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