Weekly inflation fell 0.81% as the prices of essential elements remain mainly stable Blogging Sole

A merchant speaks with a client while selling spices on a market in Karachi, June 11, 2024. - Reuters
A merchant speaks with a client while selling spices on a market in Karachi, June 11, 2024. – Reuters
  • The prices of 27 items remained unchanged this week.
  • Tomatoes, potatoes, eggs among the best weekly winners.
  • The prices of electricity, chicken, LPG have seen a clear drop.

Islamabad: Weekly inflation, measured by the sensitive price indicator (SPI), decreased by 0.81% for consumer groups combined during the week ended on May 29, Pakistan Bureau of Statistics (PBS) reported on Friday.

According to PBS data, the SPI for the week under review in the group mentioned above was recorded at 309.8 points, against 312.34 points in last week.

Compared to the corresponding week of last year, the SPI of the combined consumption group during the week under review experienced a 0.41%increase.

The weekly SPI with the basic year 2015-16 = 100 covers 17 urban centers and 51 essential articles for all expenditure groups. The SPI for the lowest consumption group of RS17 732 experienced a decrease of 0.67% and fell to 298.17 points compared to 300.18 points last week.

SPI for consumption groups from RS17,732 to Rs22 888; RS22 889-RS29.517; RS29.518-RS44.175 and more than RS44 175, fell 0.95%, 0.69%, 0.63% and 0.74% respectively.

During the week, out of 51 articles, prices of 14 (27.45%) increased, 10 (19.61%) items decreased and 27 (52.94%) items remained stable.

The items, Which Recorded a Major Decrease in Their Average Princes on Week-On-Wek Basis Included Electricity Charge for Q1 (10.1%), Chicken (8.51%), LPG (2.67%), Sugar (0.25%), Powdered Milk (0.20%), vegetable GHEE 2.5KG (0.17%), Wheat Flour (0.09%), Rice (0.07%), Garlic (0.05%) and Pulse Moong (0.01%).

The commodities which recorded major Increase in their average prices on weekend-week basis include tomatoes (4.54%), potatoes (2.94%), eggs (2.19%), onions (2.17%), Gur (0.77%), bananas (0.73%), Musard Oil (0.34%), cigarettes (0.25%), Pulse Mash (0.22%), Pulse Gram (0.17%), Pulse Masoor (0.14%) and Rice Basmati broken (0.12%).

Year-on-Year basis, The Commodities that Witnessed Increase Included Ladies Sandal (55.62%), Chicken (32.92%), Eggs (32.3%), Pulse Moong (31.45%), Powdered Milk (23.75%), Sugar (21.96%), Bananas (21.17%), Pulse Gram (19.66%), BEEF (17.51%), LPG (16.30%), Plant Ghee 2.5 kg (13.67%) and Plant Ghee 1kg (12.76%).

The Commodities which Recorded a Decrease in Their Average Prices on Year-On-Year Basis Included Onions (55.56%), Electricity Charge for Q1 (36.54%), Potatoes (29.28%), Garlic (26.51%), tomatoes (19.22%), Tea Packet (17.93%) Pulse Mash (17.50%), Wheat Flour (15.11%), Petrol (7.43%) Pulse Masoor (7.42%), Diesel (7.02%) and Pepper Powder (6.97%).

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