Weekly Inflation Rate Declines By 0.40%: PBS Data - Capital TV

June 3, 2023


Weekly Inflation Rate Declines By 0.40%: PBS Data

Anum Razzaque

ISLAMABAD: The weekly inflation rate declined by 0.40% in the country according to the ratio measured by the Sensitive Price Index (SPI). The statistics were issued by the Pakistan Bureau of Statistics (PBS) on Friday.

PBS also mentioned the yearly inflation rate – 29.42% – which indicates a jump on the year-to-year basis inflation rate.

According to a copy received by Capital TV, PBS stated: SPI for the current week ended on 15 December 2022 recorded a decline of 0.40% in the rate of the food items.

“The prices of tomatoes declined by (28.71%), potatoes (16.63%), eggs (2.64%), vegetable ghee (0.32%), masoor pulses (0.61%), five liters of Cooking Oil (0.32%) while the rate of pulse gram fell by (0.22%)”, said PBS.

Pakistan Bureau of statistics share weekly statistics of commodities price— Screen Shot PBS

Meanwhile, prices of the same commodities jacked up during the week with price raise in chicken prices (5.89%), onion (4.45%), washing soap (2.30%), wheat flour bag 2.5 KG (2.17%), broken basmati rice (2.04), sugar (1.31%), firewood (1.27%) and prices of salt powdered jacked up by (1.08%)

According to the statistic there are 22 items which prices increase in a week — Screen Shot PBS

The bureau said, during the week out of 51 items prices of 22 items jacked up, prices of 9 items slid down, and 20 items remained at the same prices.

However, the year-on-year trend depicts an increase of 29.42% in prices of Onions (468.21%), Diesel (70.51%), Tea Lipton (62.61%), Petrol (59.27%), Eggs (53.77%), Salt Powdered (53.38%), Chicken (52.92%), Gents Sponge Chappal (52.21%), Bananas (49.45%), Pulse Moong (46.71%), Pulse Gram (44.72%) and Mustard Oil (41.08%), while the decrease is observed in the prices of Chillies Powdered (40.56%), Electricity for Q1 (11.81%) and Gur (3.42%).

SPI comprises of 51 essential items collected from 50 markets in 17 cities of the country.

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