Weekly inflation surges 0.35% WoW

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Islamabad: Weekly inflation in Pakistan surged by 0.35% 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 October 20, the SPI (Sensitive Price Index)-based inflation recorded an increase of 0.35%.

It said that during the week, out of 51 items, prices of 23 (45.10%) items increased, 14 (27.45%) items decreased, while 14 (27.45%) items remained stable.

A major increase was observed in the prices of the following food and non-food items: salt powder (4.84%), bananas (3.79%), tomatoes (2.63%), powdered milk (2.22%), tea Lipton (1.24%), milk fresh (1.23%), cooked beef (1.21%) and rice IRRI-6/9 (1.02), long cloth (2.21%), Georgette (1.90%), firewood (1.57%) and shirting (1.33%).

On the other hand, a decrease was observed in the prices of pulse masoor (3.63%), chicken (3.49%), wheat flour (1.95%), potatoes (1.88%), pulse mash (1.74%), pulse moong (1.13%) and LPG (0.45%). 

The year-on-year trend depicts an increase of 27.13%, Onions (170.15%), Tomatoes (113.23%), Diesel (74.51%), Pulse Gram (68.02%), Petrol (62.75%), Pulse Masoor (56.88%), Cooking Oil 5 liter (56.31%), Washing Soap (55.36%), Pulse Moong (53.66%), Vegetable Ghee 2.5 Kg (53.29%), Mustard Oil (53.19%), Pulse Mash (52.72%), Gents Sponge Chappal (52.21%) and Vegetable Ghee 1 Kg (49.94%), while decrease observed in the prices of Electricity for Q1 (45.61%), Chillies Powder (41.85%), Sugar (12.99%) and Gur (2.66%).

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 Pakistan.

Inflation in September recedes to 23.2% YoY

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