Weekly inflation dips 0.48pc for second straight week

19

The Sensitive Price Indicator (SPI) based weekly inflation went down for the second week in a row by 0.48 percent.

According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, the SPI-based weekly inflation for the week ended on December 2, 2021 for the combined consumption group witnessed o.48 percent decrease, while it went 18.35 percent up on a year-on-year (YoY) basis.

Earlier, the SPI-based weekly inflation for the week ended on November 25, 2021 also witnessed o.67 percent decrease.

According to the PBS, the combined index was at 167.36 on December 02, 2021 as compared to 168.16 on November 25, 2021 while the index was recorded at 141.41 a year ago on December 3, 2020.

The SPI is computed on a weekly basis to assess the price movements of essential commodities at a shorter interval of time so as to review the price situation in the country.

The SPI comprises 51 essential items and the prices are being collected from 50 markets in 17 cities of the country.

During the week under review, out of 51 items, prices of 21 (41.18%)items increased, prices of 11 (21.57%) items decreased, and prices of 19 (37.25%) items remained stable.

The SPI for the current week recorded a decrease in the prices of tomatoes (16.57%), onions (7.74%), chicken (7.68%), LPG (2.43%), sugar (1.51%), eggs (1.43%), chillies powdered (0.88%), potatoes (0.67%), wheat flour (0.58%), gur (0.45%) and garlic (0.29%).

On the other hand, an increase was observed in the prices ofbananas (3.82%), pulse Masoor (2.60%), pulse Mash (2.26%), —TLTP.

Previous articleAEI organizes a mega farmer gathering at Govt Seed Farm
Next articleKhusro briefs PM on country’s fertilizer production capacity