Weekly inflation, measured by the Sensitive Price Indicator (SPI), declined by 0.18% for the combined consumption groups during the week ending June 26, according to a report by the Pakistan Bureau of Statistics (PBS).
The SPI stood at 309.80 points, down from 310.35 points the previous week. Compared to the same period last year, the index reflects a year-on-year decrease of 1.52%.
The SPI, based on the 2015-16 index (base year = 100), tracks price changes in 51 essential items across 17 urban centers for various expenditure groups.
The SPI for the lowest consumption group of up to Rs 17,732 witnessed a decrease of 0.06 per cent and came down to 299.39 points from last week’s 299.58 points.
The SPI for consumption groups of Rs 17,732 to 22,888, Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175, came down by 0.03 percent, 0.15 percent,0.27 percent and 0.25 percent respectively.
During the week, out of 51 items, prices of 12 (23.53%) items increased, 14 (27.45%) items decreased and 25 (49.02%) items remained stable.
The items, which recorded major decrease in their average prices on a week-on-week basis included Eggs (12.27%), Chicken (10.75%), Bananas (2.75%), Onions (1.46%), Potatoes (1.27%), Wheat Flour (1.01%), Pulse Mash (0.49%) and Pulse Moong (0.39%).
The commodities which recorded major increase in their average prices on a week-on-week basis included Electricity Charges for Q1 (6.88%), Garlic (5.15%), LPG (1.24%), Gur (1.00%), Tomatoes (0.99%), Sugar (0.88%), Rice IRRI-6/9 (0.69%), Milk Fresh (0.38%), Curd (0.36%), Firewood (0.11%) and Powdered Milk (0.03%).
Year-on-year basis, the commodities that witnessed decrease included Onions (62.28%), Tomatoes (40.70%), Electricity Charges for Q1 (37.62%), Garlic (27.06%), Potatoes (19.80%), Pulse Mash (19.75%), Tea Lipton (17.93%), Wheat Flour (15.54%), Pulse Masoor (7.62%) and Diesel (1.93%).
The commodities which recorded an increase in their average prices on year-on-year basis included Ladies Sandal (55.62%), Sugar (27.35%), Powdered Milk (25.97%), Pulse Moong (24.42%), LPG (17.00%), Beef (15.74%), Vegetable Ghee 2.5 Kg (12.87%), Vegetable Ghee 1Kg (12.59%), Gur (10.99%), Firewood (10.70%), Lawn (10.48%) and Bananas (8.71%).
Source: Dunya News
