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HomeBusinessWeekly inflation registers 0.19% decrease; prices of 30 out of 51 essentials...

Weekly inflation registers 0.19% decrease; prices of 30 out of 51 essentials increased

The week ending on September 15 witnessed a 0.19 percent decrease in the Sensitive Price Indicator (SPI) based weekly inflation, according to data of Pakistan Bureau of Statistics (PBS), whereas 30 out of 51 prices witnessed increase in their prices.

PBS’s latest data, released on September 15, has showed that the SPI was recorded at 221.14 points against 221.55 points of previous week.

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However, the SPI has witnessed an increase of 40.58 percent compared with the corresponding last year’s value. The weekly SPI covers 17 urban centers and 51 essential items.

Sensitive Price Indicator for the lowest consumption group up to Rs17,732 witnessed a 0.31 percent decrease.

Out of 51 items, prices of 30 items increased, 10 items decreased, whereas 11 items remained stable.

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The commodities which witnessed an increase in their average prices on week-on-week basis include tea packet (6.30%), pulse moong (3.46%), eggs (2.54%), cooked beef & pulse gram (2.53%) each, wheat flour (1.96%), rice irri 6/9 (1.73%), cooked daal (1.71%), pulse mash (1.68%) and bread (1.45%).

Commodities which witnessed an increase in average prices on year-on-year basis included tomatoes (170.51%), diesel (105.12%), petrol (90.73%), pulse masoor (76.65%), pulse gram (67.11%), mustard oil (65.75%), cooking oil 5 liter (65.45%), washing soap (61.05%), vegetable ghee 2.5 kg (60.68%), LPG (56.61%), vegetable ghee 1 kg (56.46%), pulse mash (53.41%) and electricity for q1 (52.04%).

Onions (16.24%), tomatoes (9.84%), bananas (2.50%), chicken (1.88%), sugar (0.95%), vegetable ghee 1kg (0.39%), potatoes (0.33%), vegetable ghee 2.5kg (0.23%), cooking oil 5 liter (0.10%) and LPG (2.62%) witnessed a week-on-week basis decrease.

Meanwhile, chillies powder (43.05%), sugar (19.83%) and gur (2.50%) witnessed a decrease on year-on-year basis.

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