Weekly inflation surges by 0.29% WoW

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Islamabad: Weekly inflation in the country surged by 0.29% on a week-on-week basis, with a major increase being recorded in food items, 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 6, the SPI (Sensitive Price Index)-based inflation recorded an increase of 0.29%.

“During the week, out of 51 items, prices of 17 (33.33%) items increased, 14 (27.45%) items decreased and 20 (39.22%) items remained stable,” the report said.

A significant increase was observed in the prices of the following food items: Tomatoes (27.40%), Onions (10.22%), Bananas (2.24%), and Powdered Milk (1.18%).

On the other hand decrease observed in the prices of Petrol (5.29%), Pulse Masoor (5.16%), Potatoes & Diesel (4.87%) each, LPG (4.49%), Pulse Gram (3.06%), Pulse Mash (1.67%), Pulse Moong (0.98%), Garlic (0.73%), Chicken (0.52%), Mustard Oil (0.45%), Wheat Flour (0.36%), Cooking Oil 5 litre (0.22%) and Vegetable Ghee 2.5Kg (0.08%).

The year-on-year trend depicts an increase of 29.44%, Tomatoes (305.60%), Onions (167.80%), Diesel (92.08%), Petrol (76.07%), Pulse Gram (70.02%), Pulse Masoor (64.65%), Cooking Oil 5 liter (61.43%), Mustard Oil (61.21%), Washing Soap (60.68%), Vegetable Ghee 2.5 Kg (57.66%), Pulse Mash (55.50%), Vegetable Ghee 1 Kg (55.37%) and Pulse Moong (48.34%), while decrease observed in the prices of Electricity for Q1 (45.61%), Chillies Powder (42.08%), Sugar (18.09%) and Gur (3.16%).

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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