Weekly inflation drops by 0.28%
.jpg)
MG News | February 02, 2024 at 03:18 PM GMT+05:00
February 02, 2024 (MLN): The Weekly Sensitive Price Indicator (SPI) for the Combined Group fell by 0.28% WoW during the week ended February 01, 2024, while the SPI increased by 39.45% YoY compared to the corresponding period from last year.
It is pertinent to note that this marks the second consecutive weekly decline in prices.
Furthermore, the year-over-year reading has dropped below the 40% mark for the first time in twelve weeks.
Out of 51 items, the average price of 12 items increased, 17 items decreased, and 22 items remained stable.
During the week, a major decrease was observed in the prices of Tomatoes (18.28%), Eggs (7.77%), Onions (6.99%), LPG (1.53%) and Tea Lipton (1.29%),
On the other hand, a major increase was observed in the prices of Petrol (5.20%), Chicken (1.88%), Diesel (0.95%), Energy Saver (0.70%) and Bananas (0.68%),
The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.06% and 0.85%.
The Lowest Income Group witnessed a weekly decline of 0.85% while the highest income group recorded a decrease of 0.06%.
On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 32.79% and 43.58%.
Yearly SPI for the Lowest Income Group increased by 32.79% while the highest income group recorded an increase of 37.33%.
The average price of Sona urea fell to Rs4,536 per 50 kg bag which is 0.39% lower than last week’s price while 58.19% higher when compared to last year.
Meanwhile, the average Cement price was recorded at Rs1,209 per 50 kg bag, which is 0.3% lower than the previous week and 14.04% higher than prices last year.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 139,207.29 190.96M | 0.37% 514.62 |
ALLSHR | 86,176.93 633.30M | 0.45% 382.41 |
KSE30 | 42,602.85 57.43M | 0.44% 187.98 |
KMI30 | 196,319.50 101.82M | 0.67% 1305.65 |
KMIALLSHR | 56,861.96 298.63M | 0.47% 267.27 |
BKTi | 38,060.31 12.30M | 0.37% 140.31 |
OGTi | 27,803.49 5.74M | 0.12% 34.24 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 118,295.00 | 119,880.00 115,675.00 | -1815.00 -1.51% |
BRENT CRUDE | 68.39 | 69.86 68.31 | -0.79 -1.14% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 65.07 | 66.74 65.00 | -0.96 -1.45% |
SUGAR #11 WORLD | 16.28 | 16.64 16.23 | -0.29 -1.75% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|