ISLAMABAD: The weekly inflation, as measured by the Sensitive Price Indicator (SPI), witnessed an increase of 0.96 percent for the combined consumption group during the week ended on September 7, the Pakistan Bureau of Statistics (PBS) reported on Friday.
In this specific consumption group, the SPI for the reviewed week stood at 279.87 points, compared to the previous week’s 277.21 points, according to the PBS data.
In comparison to the same week in the previous year, the SPI for the combined consumption group during the reviewed week showed a significant increase of 26.32 percent.
The weekly SPI, calculated with the base year 2015-16 = 100, encompasses 17 urban centers and 51 essential items across all expenditure groups.
For the lowest consumption group with expenditures up to Rs 17,732, there was a 0.77 percent increase, bringing the SPI to 285.27 points from the previous week’s 283.10 points.
Additionally, the SPI for consumption groups ranging from Rs 17,732-22,888, Rs 22,889-29,517, Rs 29,518-44,175, and above Rs 44,175 increased by 0.81 percent, 0.80 percent, 0.87 percent, and 1.06 percent, respectively.
During this week, out of the 51 items monitored, the prices of 32 items (62.75%) increased, while 5 items (09.80%) decreased, and 14 items (27.45%) remained stable.
Items that experienced a decrease in their average prices on a week-on-week (WoW) basis included chicken (3.20%), 5-liter cooking oil (1.03%), 2.5 kg vegetable ghee (0.47%), tea packets (0.43%), and 1 kg vegetable ghee (0.14%).
Items that recorded an increase in their average prices on a week-on-week (WoW) basis included tomatoes (17.00%), masoor pulse (10.87%), sugar (6.73%), garlic (4.66%), gur (3.62%), moong pulse (3.55%), onions (3.43%), and gram pulse (3.25%). Non-food items such as diesel (6.28%), LPG (5.19%), and petrol (5.12%) also saw price increases.
Some commodities witnessed a decrease in price on a year-on-year (YoY) basis, including tomatoes (34.77%), onions (23.44%), and electricity for q1 (21.96%).
Increase on YoY basis
On a year-on-year (YoY) basis, the commodities that experienced an increase in their average prices included wheat flour (117.71%), gas charges for q1 (108.38%), sugar (107.36%), cigarettes (100.16%), rice basmati broken (90.66%), tea packets (88.41%), chili powder (86.05%), rice irri-6/9 (84.18%), gur (72.83%), gents sponge chappal (58.05%), gents sandals (53.37%), powdered salt (52.07%), powdered milk (42.45%), and bread (42.33%).
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