PM Khan vows to bring inflation further ‘under control’

Prime Minister Imran Khan in a statement on Saturday has vowed to further control inflation in the country.

In a statement issued on the social media platform, PM Imran Khan said in contrast to the situation in other parts of the subcontinent, our Sensitive Price Index (SPI) has been witnessing a decline in prices for the second week in a row.

The Prime Minister vowed that “InshaAllah, we will bring inflation further under control.”

The statement comes after the Sensitive Price Indicator (SPI) for the week ended November 12, 2020 recorded a decrease of 0.07 percent over last week due to a fall in prices of food items, ie, tomatoes (2.75 percent), moong (1.42 percent), gur (1.15 percent), garlic (one percent), and wheat flour (0.47 percent).

According to the latest data, released by the Pakistan Bureau of Statistics (PBS), the SPI went down from 142.81 points during the week ended November 5, 2020 to 142.71 points during the week under review.

The year-on-year trend depicts an increase of 7.68 percent with most of the items increased mainly chilies powder (86.31 percent, potatoes (63.09 percent), eggs (48.27 percent), chicken (46.19 percent), sugar (40.60 percent), maash (23.39 percent), match box (23.20 percent), moong (22.73 percent), Sufi washing soap (20.79 percent), masoor (20.38 percent), gur (17.77 percent), bread (16.66 percent), long cloth (16.42 percent), vegetable ghee 1kg (16.25 percent) and rice Irri 6/9 (15.92 percent), while a major decrease was observed in the price of tomatoes (30.20 percent), garlic (19.19 percent), diesel (18.84 percent), onions (10.38 percent), petrol (10.25 percent), electricity (8.77 percent), and LPG (2.14 percent).