ISLAMABAD: The Sensitive Price Indicator (SPI) based inflation for the week ended on October 13, recorded a decrease of 0.57 percent due to a decline in the prices of food items including tomatoes (13.51 percent), eggs (2.12 percent), masoor (2.07 percent), onions (1.57 percent), pulse gram (1.39 percent) and bananas (1.36 percent) and non-food item LPG (2.76 percent), says the Pakistan Bureau of Statistics (PBS).
The year-on-year trend depicts an increase of 28.44 percent mainly due to an increase in the prices of tomatoes (194.26 percent), onions (167.89 percent), diesel (92.08 percent), petrol (76.07 percent), pulse gram (69.25 percent), pulse masoor (62.19 percent), cooking oil 5-litre (60.14 percent), washing soap (58.03 percent), mustard oil (56.53 percent), vegetable ghee 2.5 kg (56.30 percent), maash (55.61 percent), moong (53.72 percent) and vegetable ghee 1kg (53.59 percent), while decrease observed in the prices of electricity for Q1 (45.61 percent), chillies powder (42.08 percent), sugar (12.79 percent), and gur (3.59 percent).
The SPI for the week under review in the above-mentioned group was recorded at 204.55 points against 205.73 points registered in the previous week, according to the latest PBS data released on Friday.
During the week, out of 51 items, prices of 17 (33.34 percent) items decreased, 18 (35.29 percent) items increased and 16 (31.37 percent) items remained stable.
The SPI for the consumption group up to Rs17,732, Rs17,732-22,888, Rs22,889-29,517, Rs29,518-44,175 and for above decreased by 0.79 percent, 0.78 percent, 0.66 percent, 0.60 percent and 0.47 percent respectively.
The items, which recorded an increase in their average prices during the week over the previous include matchbox (5.65 per cent), powdered milk Nido 390gm poly-bag each (3.82 percent), firewood whole 40kg (2.09 percent), bread plain (2.05 percent), potatoes (1.78 percent), cooked beef (1.47 percent), tea Lipton Yellow Label (1.24 percent), shirting (0.86 percent), long cloth 57” Gul Ahmed/Al Karam(0.60 percent), beef with bone (0.55 percent), moong (0.48 percent), rice basmati broken (0.47 percent), Georgette (0.34 percent), cooked daal (0.34 percent), Sufi washing soap (0.30 percent), mustard oil (0.12 percent), tea prepared (0.07 percent), and rice irri-6/9 (0.06 percent).
The commodities, which recorded a decrease in their average prices included tomatoes (13.51 percent), LPG (2.76 percent), eggs (2.12 percent), masoor (2.07 percent), onions (1.57 percent), pulse gram (1.39 percent), bananas (1.36 percent), wheat flour bag 20 kg (0.95 percent), garlic (0.83 percent), cigarettes Capstan 20’s packet each (0.52 percent), gur (0.39 percent), vegetable ghee Dalda/Habib or other superior quality 1kg pouch each (0.29 percent), sugar (0.21 percent), vegetable ghee Dalda/Habib 2.5kg tin each (0.09 percent), cooking oil Daldaor other similar brands (sn), 5-litre tin each (0.06 percent), and chicken (0.01 percent).
Copyright Business Recorder, 2022
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