ISLAMABAD: According to a report released on Friday by the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) showed a 0.34 percent increase in weekly inflation for all combined consumption groups during the week ending on January 18.
Pakistan’s weekly inflation: The SPI for the week under review in the aforementioned group was measured at 319.00 points, as opposed to 317.92 points during the previous week, based on PBS data.
The SPI for the combined consumption group had a 44.64 percent increase in the week under review compared to the same week the previous year.
The weekly SPI includes 51 important items for all spending groups and 17 urban locations with a base year of 2015–16 = 100.
The lowest consumption group’s SPI, which was up to Rs17,732, had a 0.61 percent improvement, rising from 312.23 points to 314.12 points this week.
The SPI climbed by 0.54 percent, 0.46 percent, 0.40 percent, and 0.23 percent, respectively, for the consumption groups ranging from Rs. 17,732-22,888, Rs. 22,889-29,517, Rs. 29,518-44,175 and beyond Rs. 44,175.
Out of 51 items, 22 (43.14%) had price increases during the week, 08 (15.68%) had price decreases, and 21 (41.18%) had unchanged pricing.
Potatoes (3.85%), petrol (2.99%), sugar (0.90%), tea package (0.20%), vegetable ghee 2.5 kg (0.14%), cooking oil 5 litres (0.08%), wheat flour (0.07%), and gur (0.04%) were among the products whose average prices decreased week over week.
Onions (8.69%), tomatoes (7.51%), energy sever (2.72%), chicken (2.26%), garlic (2.18%), bananas (2.14%), eggs (1.89%), matchbox (1.67%), pulse mash (1.59%), and pulse moong (1.46%) were among the products that saw a rise in average price week over week.
“Year-over-Year Price Changes: Mustard Oil and Onions See Decreases, while Petrol and Tomatoes Soar”
The products that had price decreases year over year were mustard oil (6.86%), bananas (2.39%), onions (2.00%), and 1 kg of vegetable ghee (1.17%).
Petrol prices for Q1 (1108.59%), tomatoes (183.16%), cigarettes (93.22%), chilli powder (81.74%), wheat flour (65.03%), garlic (60.45%), men’s sponge chappal (58.05%), sugar (57.26%), men’s sandal (53.37%), rice irri-6/9 (49.95%), gur (49.45%) and eggs (47.54%) were among the commodities whose average prices increased year over year.
Muhammad Sami Saeed, the acting minister of planning, requested a detailed report from the Pakistan Bureau of Statistics last week regarding the active use of the Decision Support System on Inflation (DSSI).
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