Weekly inflation drops by 0.34% 

Out of 51 items, prices of 12 (23.53%) items increased, 18 (35.29%) items decreased and 21 (41.18%) items remained stable

The weekly inflation measured by the Sensitive Price Indicator (SPI), decreased by 0.34% for the combined consumption groups during the week ended on May 23, 2024. 

According to the latest data released by the Pakistan Bureau of Statistics (PBS), the SPI for the week under review recorded 308.19 points compared to 309.25 points during the past week.

On a yearly basis, the SPI for the combined consumption group increased by 21.31%. 

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

The SPI for the lowest consumption group up to Rs 17,732, decreased by 0.38 per cent and went down to 298.56 points from the last week’s 299.70 points. 

The SPI for consumption groups of Rs 17,732-22,888, Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175, decreased by 0.39 percent, 0.35 percent, 0.36 and 0.33 percent respectively. 

During the week, out of 51 items, prices of 12 (23.53%) items increased, 18 (35.29%) items decreased and 21 (41.18%) items remained stable. 

The items, which recorded a decrease in their average prices on a week-on-week basis included garlic (7.87%), chicken (5.92%), wheat flour (4.66%), LPG (3.23%), onions (1.99%), eggs (1.22%), rice basmati broken (1.12%), pulse masoor (0.95%), rice irri (0.84%) and firewood (0.04%). 

The commodities which recorded an increase in their average prices on week-on-week basis included beef (0.49%), energy saver (0.44%), pulse gram (0.42%), milk powder (0.37%), tea prepared (0.30%), mutton (0.25%), gur (0.22%), shirting (0.17%), cigarettes (0.13%), curd (0.11%) and milk fresh (0.06%). 

On year-on-year basis, the commodities that witnessed decrease included bananas (38.32%), wheat flour (30.82%), chicken (23.18%), cooking oil 5 litre (18.83%), vegetable ghee 1 kg (16.07%), vegetable ghee 2.5 kg (16.02%), mustard oil (12.49%), LPG (10.92%) and eggs (7.62%). 

The commodities which recorded an increase in their average prices on year-on-year basis included , gas charges for Q1 (570.00%), onions (88.26%), chilies powder (69.71%), garlic (53.46%), tomatoes (38.63%), salt powder (32.72%), shirting (30.39%), gents sandal (25.01%), beef (23.70%), energy saver (22.48%), pulse mash (21.79%) and sugar (20.18%).  

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