Weekly inflation drops by 8.11% WoW

weekly inflation

Islamabad: Weekly inflation in the country showed respite as it dropped by 8.11% on a week-on-week basis, the Pakistan Bureau of Statistics (PBS) said in a report on Friday.

According to the Bureau’s report on weekly inflation, during the week that ended on September 22, the SPI recorded a decrease of 8.11%. Out of 51 items, prices of 26 (50.98%) items increased, 10 (19.61%) items decreased, while prices of 15 (29.41%) items remained stable, the PBS said.

A decrease was observed in the prices of food items, Tomatoes (8.15%), Bananas (1.90%), Garlic (1.31%), Pulse Masoor (0.99%), Cooking Oil 5 litre (0.78%), Onions (0.46%), Vegetable Ghee 2.5Kg (0.34%) and Vegetable Ghee 1Kg (0.06%), non-food items, Electricity for Q1 (64.23%) and LPG (3.82%).

On the other hand, an increase was observed in the prices of Wheat Flour (22.47%), Tea Lipton (6.42%), Chicken (4.52%), Pulse Gram (2.54%), Bread (2.36%), Cigarettes (1.82%), Rice Basmati Broken (1.51%), Potatoes (1.45%), Pulse Moong (1.31%) and Rice Irri 6/9 (1.07%).

However, on a year-on-year basis, a 29.28% increase in prices was observed compared to the same week last year.

The Sensitive Price Indicator (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. It comprises 51 essential items collected from 50 markets in 17 cities of the country.

Weekly inflation posts slight fall of 0.19pc

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