Weekly inflation goes down by 0.25pc: PBS

Karachi: The Sensitive Price Indicator (SPI), which measures weekly inflation, showed a drop of 0.25 percent during the week ending on September 14, according to a report from the Pakistan Bureau of Statistics (PBS).

The combined index stood at 279.18 as of September 7, 2023, down from 279.87 the previous day, while it was recorded at 221.14 on September 15, 2022, according to statistics made public by the Pakistan Bureau of Statistics (PBS).

Out of 51 items, the average price of 24 items increased, 08 items decreased, and 19 items remained stable.

The items, which recorded a decrease in their average prices on a week-on-week (WoW) included Sugar (9.11%), Chicken (5.47%), Eggs (2.79%), Bananas (0.86%), Tea Lipton (0.59%), Pulse Gram (0.57%), Vegetable 1 kg (0.16%) and Cooking Oil 5 Litre (0.10%).

On the other hand, major increase was observed in the prices of Tomatoes (4.29%), Garlic (4.21%), Bread (3.92%), Onions (3.60%), Pulse Masoor (3.19%), Salt Powdered (2.77%), Shirting (1.68%), Pulse Moong (1.66%), Lawn Printed (1.32%), Pulse Mash (1.25%) and long Cloth (1.18%).

The year on year trend depicts increase of 26.25%, Wheat Flour (114.37%), Gas Charges for Q1 (108.38%), Cigarettes (98.11%), Rice Basmati Broken (91.07%), Sugar (90.27%), Chilies Powder (84.84%), Rice IRRI-6/9 (82.03%),Tea Lipton (76.19%), Gur (73.95%), Gents Sponge Chappal (58.05%), Salt Powdered (55.08%), Gents Sandal (53.37%), Bread (45.79%) and Powdered Milk (43.05%), while decrease is observed in the prices of Tomatoes (24.55%), Electricity Charges for Q1 (21.96%), Onions (5.31%) and Pulse Gram (0.26%).