Inflation in Pakistan: Weekly SPI down 0.40%, up 29.42% year-on-year

Citizens experienced a slight decrease in inflation after the Sensitive Price Index was down 0.40 percent for week ending December 15, the Pakistan Bureau of Statistics (PBS) said, as the prices of the some food items have been reduced.

However, the SPI observed an increase of 29.42 percent on year-on-year basis amid the surging prices of many essential items and energy as well as food inflation.

This weekly reduction for the combined consumption group means the SPI now stands at 217.64 points against the previous level of 218.51 points.    

With the base year 2015-16 =100, the SPI covers 17 urban centres and 51 essential items for all expenditure groups.

The SPI for the lowest consumption group up to Rs17,732 witnessed 0.77 percent decrease and went down to 225.69 points from last week’s 227.45 points.

Meanwhile, the SPI for the consumption groups from Rs17,732-22,888, Rs22,889-29,517, Rs29,518-44,175 and above Rs44,175 witnessed decrease of 0.65 percent, 0.51 percent, 0.44 percent and 0.29 percent respectively.

On a yearly basis, the analysis of SPI change across different income segments showed an increase across income groups ranging between 27.28 percent and 31.06 percent. For the lowest income group it was by 27.28% while 30.12 percent in the case of highest.

During the week, the prices of 22 items out of 51 increased and of nine decreased while there was no change in the remaining 20.

The items which recorded decrease in their average prices on a week-on-week basis included tomatoes 28.71 percent, potatoes 16.63 percent, eggs 2.64 percent, vegetable ghee 1 kg 0.91 percent, vegetable ghee 2.5 kg 0.65 percent, pulse masoor 0.61 percent, pulse mash 0.44 percent, cooking oil 5 litre 0.32 percent and pulse gram 0.22 percent.

On the other hand, the average prices of chicken was up 5.89 percent, onions 4.45 percent, washing soap 2.30 percent, wheat flour 2.17 percent, rice basmati broken 2.04 percent, rice irri-6/9 1.74 percent, sugar 1.31 percent, firewood 1.27 percent and salt powdered 1.08 percent.

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