Pakistan's weekly inflation drops by 2.06 percent

ISLAMABAD: The weekly inflation rate in Pakistan, measured by the Sensitive Price Indicator (SPI) for the combined consumption group decreased by 2.06 percent during the week ending on July 3 as compared to the corresponding week of last year (2024).

However, on week-on-week basis, the SPI for the group increased by 0.73 percent during the week compared to last week, Pakistan Bureau of Statistics (PBS) reported on Friday.

According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 312.06 points as compared to 309.80 points during the past week.

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed a decrease of 2.06 per cent.

The weekly SPI with the base year 2015-16 =100 covers 17 urban centres and 51 essential items for all expenditure groups.

The SPI for the lowest consumption group of up to Rs 17,732 witnessed an increase of 0.74 per cent and going up to 301.60 points from last week’s 299.39  points.

The SPI for consumption groups of Rs 17,732 to 22,888, Rs 22,889-29,517; Rs 29,518-44,175 and above Rs 44,175, increased by 0.80 percent, 0.72 percent,0.76 percent and 0.70 percent respectively.

During the week, out of 51 items, prices of 18 (35.29%) items increased, 06 (11.77%) items decreased and 27 (52.94%) items remained stable.

The items, which recorded major decrease in their average prices on a week-on-week basis included LPG (8.53%), bananas (3.36%), eggs (0.59%), mustard oil (0.37%), pulse moong (0.30%) and pulse gram (0.29%).

The commodities which recorded major increase in their average prices on a week-on-week basis included chicken (13.05%), onions (11.62%), tomatoes (11.09%), garlic (5.40%), diesel (3.94%), potatoes (3.58%), petrol (3.22%), sugar (1.27%), cooked daal (0.60%), gur (0.41%), curd (0.37%) and powdered milk (0.29%).

Year-on-year basis, the commodities that witnessed decrease included tomatoes (61.42%), onions (53.71%), electricity charges for q1 (37.62%), garlic (24.29%), wheat flour (23.62%), pulse mash (20.27%), tea packet (17.93%), potatoes (16.06%), pulse masoor (8.43%), rice irri-6/9 (4.23%), chilies powder (3.97%) and bread (1.72%)

The commodities which recorded an increase in their average prices on year-on-year basis included ladies sandal (55.62%), sugar (27.78%), pulse moong (20.59%), powdered milk (16.01%), beef (15.45%), vegetable ghee 2.5kg (12.73%), vegetable ghee 1kg (12.34%), gur (11.44%), firewood (10.70%), lawn (10.51%), cooked daal (9.25%) and cooked beef (8.57%).