Pakistan Bureau of Statistics reports 1.10% decrease in weekly inflation

The latest data released by the Pakistan Bureau of Statistics (PBS) reveals a 1.10% decrease in the weekly inflation measured by the Sensitive Price Indicator (SPI) for the combined consumption groups. The SPI for the week ending on April 25 stood at 320.14 points, down from 323.71 points in the previous week. Compared to the same period last year, there was a significant increase of 26.94% in the SPI for the combined consumption group.

The SPI, based on the 2015-16 =100 index and covering 17 urban centers and 51 essential items, showed varying trends across different consumption groups. The lowest consumption group, up to Rs. 17,732, witnessed a 1.30% decrease, while the higher consumption groups also experienced declines ranging from 1.02% to 1.29%.

During the week, out of the 51 essential items, prices of 15 items increased, 10 decreased, and 26 remained stable. Notable decreases were observed in the prices of tomatoes, onions, chicken, wheat flour, and eggs, among others. On the other hand, items like potatoes, powdered milk, and vegetable ghee saw price increases.

Looking at the year-on-year comparison, some items showed significant price decreases, such as bananas, cooking oil, and eggs, while others like tomatoes, onions, and chilies powder saw substantial price hikes.

The fluctuating trends in the SPI indicate the dynamic nature of inflation in Pakistan, with certain essential items becoming more affordable while others experience price surges. It is essential for policymakers and consumers to closely monitor these changes to make informed decisions regarding their expenditure and financial planning.