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Short-term inflation increases 0.53% WoW, up 4.15% YoY

Weekly inflation, measured through the Sensitive Price Indicator (SPI), increased by 0.53% for the combined consumption group during the week ending November 13, according to the latest data released by the Pakistan Bureau of Statistics (PBS).

The SPI rose to 335.31 points, up from 333.55 points a week earlier. On a year-on-year basis, the index increased by 4.15%.

The SPI, based on the 2015-16 index, tracks prices of 51 essential items across 17 urban centres. PBS data showed that the lowest income group (up to Rs17,732) recorded a 0.35 percent increase, while weekly inflation for expenditure groups of Rs17,733–22,888; Rs22,889–29,517; Rs29,518–44,175; and above Rs44,175 rose 0.43 percent, 0.44 percent, 0.51 percent, and 0.58 percent, respectively.

During the week, prices of 15 items (29.41%) rose, 12 items (23.53%) declined, and 24 items (47.06%) remained unchanged.

Notable week-on-week increases were recorded in the prices of chicken (20.33%), tomatoes (12.03%), bananas (2.32%), LPG (1.97%), potatoes (1.08%), cooking oil (0.38%), shirting (0.36%), pulse masoor (0.33%), firewood (0.26%), beef (0.26%), and mutton (0.07%).

Items that became cheaper included onions (6.65%), pulse gram (2.61%), powdered salt (1.80%), gur (1.78%), sugar (1.07%), wheat flour (0.69%), pulse mash (0.66%), and pulse moong (0.27%).

On an annual basis, the steepest price increases were observed in ladies’ sandals (55.62%), sugar (40.25%), gas charges for Q1 (29.85%), wheat flour (18.70%), gur (16.47%), beef (14.29%), firewood (12.23%), bananas (11.71%), vegetable ghee (10.93%), diesel and cooking oil (8.43%), and mutton (8.16%).

Major year-on-year declines were recorded in garlic (36.29%), pulse gram (29.89%), electricity charges for Q1 (26.26%), tomatoes (23.01%), potatoes (22.46%), tea (17.79%), pulse mash (15.35%), LPG (11.00%), pulse masoor (5.40%), and rice Irri-6/9 (3.02%).


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