Pakistan’s weekly inflation, as measured by the Sensitive Price Indicator (SPI), decreased by 0.28%. This decrease was observed in the combined consumption groups. The SPI, with a base year of 2015-16 = 100, covers essential items in 17 urban centres. Prices of several items both increased and decreased during the week.
ISLAMABAD: The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.28 per cent for the combined consumption groups during the week ended on February 1, the Pakistan Bureau of Statistics (PBS) reported on Friday.
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 317.65 points in Pakistan as compared to 318.55 points during the past week.
As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 39.45 per cent.
The weekly SPI with the base year 2015-16 =100 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 0.85 percent and went down to 310.42 points from last week’s 313.09 points.
The SPI for consumption groups from Rs. 17,732-22,888, Rs. 22,889-29,517; Rs. 29,518-44,175 and above Rs. 44,175, decreased by 0.71 percent, 0.53 percent, 0.41 and 0.06 percent respectively.
During the week, out of 51 items, prices of 12 (23.53%) items increased, 17 (33.33%) items decreased and 22 (43.14%) items remained stable.
The items, which recorded a decrease in their average prices on a week-on-week basis included tomatoes (18.28%), eggs (7.77%), onions (6.99%), LPG (1.53%), tea packet (1.29%), potatoes (1.25%), pulse masoor (0.80%), cooking oil 5 litre (0.36%) and mustard oil (0.28%).
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The items that recorded an increase in their average prices on a week-on-week basis included petrol (5.20%), chicken (1.88%), diesel (0.95%), energy saver (0.70%), bananas (0.68%), salt powdered (0.55%), pulse moong (0.34%), mutton (0.33%), gur (0.21%), beef (0.15%), tea prepared (0.14%) and georgette (0.10%).
The commodities which recorded an increase in their average prices on year-on-year basis included gas charges for q1 (1108.59%), cigarettes (92.30%), tomatoes (90.40%), chilies powder (81.74%), wheat flour (61.97%), gents sponge chappal (58.05%), sugar (54.79%), gents sandal (53.37%), gur (51.67%), salt powdered (40.97%) rice irri-6/9 (38.79%) and pulse mash (37.38%).
This week, Pakistan’s inflation has experienced a welcome decrease, dipping by 0.28%. These trends in inflation are of particular interest to investors, economists, and the general public alike. It is important to delve into the various factors that contributed to this decline, such as changes in consumer spending, government policies, and international market influences.
Analyzing the reasons behind this decrease in inflation can provide valuable insights into how the economy is faring and what adjustments may need to be made by policymakers, businesses, and consumers. By understanding these intricate fluctuations, individuals can make more informed decisions regarding their investments, savings, and spending habits.
It’s also crucial to acknowledge that while this recent dip in inflation is a positive development, there is a need for continued vigilance to ensure the stability of prices and the overall economic well-being. As we navigate the complex landscape of economic indicators, staying informed and engaged with the latest developments is pivotal for making sound financial choices and contributing to the broader economic conversation.
In conclusion, the 0.28% reduction in Pakistan’s weekly inflation offers an opportunity for reflection and analysis. By closely monitoring these trends and seeking to comprehend their underlying causes, we can work towards fostering a more robust and stable economic environment for all stakeholders involved.
Source: ARY NEWS
Weekly inflation in Pakistan, measured by the SPI, saw a 0.28% dip for combined consumption groups. SPI for the week was at 317.65 points, down from 318.55. Year-on-year, there was a 39.45% increase. The lowest consumption group’s SPI decreased by 0.85%, while other groups also saw declines. Out of 51 items, prices of 12 increased, 17 decreased, and 22 remained stable. Notable changes included decreases in tomatoes, eggs, and onions, and increases in petrol and chicken prices. Additionally, several commodities saw significant year-on-year price increases.
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