ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended November 12 witnessed a nominal reduction of 0.07 percent as compared to the previous week.
According to the Pakistan Bureau of Statistics (PBS), under the week review in the combined consumption group was recorded at 142.71 points against 142.81 points registered in the previous week.
As compared to the corresponding week of last year (YoY), the SPI for the combined consumption group witnessed an increase of 7.68pc during the week under review.
The weekly SPI with the base year 2015-16 covers 17 urban centers and 51 essential items for all expenditure groups.
The SPI for the lowest consumption group, up to Rs17,732, witnessed a 0.32pc decrease. from 150.84 points in the last week to 150.35 points during the week under review.
Meanwhile, SPI for the consumption groups from Rs17,732-Rs22,888, Rs22,889-Rs29,517; Rs29,518-Rs44,175; Rs29,518-Rs44,175 and above Rs44,175 per month also decreased by 0.33pc, 0.16pc, 0.01pc and 0.07pc, respectively.
During the week, prices of 11 items decreased, 18 items increased while that of 22 items remained unchanged.
The items that recorded a decrease in their average prices included electricity charges, tomatoes, moong pulse, gur, garlic, gram pulse, onions, wheat flour, mutton, masoor pulse and rice.
Conversely, commodities which recorded an increase in average prices included chicken, bananas, matchbox, cooked beef, cooked daal, sugar, potatoes, georgette, mustard oil, mash pulse, washing soap, eggs, LPG cylinder, vegetable ghee, curd, firewood, powdered milk and beef.
Likewise, the prices of commodities that observed no change during the week under review included basmati rice, bread, fresh milk, cooking oil, vegetable ghee, salt, chilies, tea, cigarettes, long cloth, shirting, lawn, gents sandal, ladies sandal, gas charges, energy saver, petrol, diesel, telephone call and toilet soap.
Prime Minister Imran Khan on Saturday vowed to bring inflation under control further as prices of food items are declining in Pakistan as compared to other parts of the subcontinent.
In a tweet, he said the sensitive price index shows a decline for the second consecutive week in the country.
The prime minister quoted a media report stating that India’s retail inflation may stay elevated for at least three more months after hitting a six-year high last month.
It said the high prices are a particular cause of concern for India’s hundreds of millions of poor people, who have already been squeezed by the coronavirus pandemic and its impact on an economy that contracted a record 23.9 percent in April-June this year.
برصغیر کے دیگر حصوں کی صورتحال کے برعکس ہمارا سینسیٹیو پرائس انڈیکس (SPI) پیہم دوسرے ہفتے (قیمتوں میں) گراوٹ کی خبر دے رہا ہے۔ انشاءاللہ ہم مہنگائی کو مزید بھی قابو میں لائیں گے۔
https://t.co/cM2Zei3aCR— Imran Khan (@ImranKhanPTI) November 14, 2020
