Weekly inflation falls by 0.43%

January 14, 2022 (MLN): The weekly Sensitive Price Indicator (SPI) for the combined group witnessed a drop of 0.43% for the current week ended January 13, 2022, weekly data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

As per the PBS inflation report, the decline was mainly on account of a drop in the price of essential food items and LPG.

The combined index clocked in at 167.39 compared to 168.12 on January 6, 2022

However, the year-on-year trend depicts an increase of 19.82% when the index was recorded at 139.70 a year ago, on January 14, 2021.

Out of the 51 monitored items, the average price of 9 items decreased weekly including chicken that witnessed a drop of 3.4%, eggs by 2.99%, potatoes by 1.65%, tomatoes by 1.26% and LPG by 1.15%. During the week, the prices of 26 items registered no change.

Meanwhile, the average price of 16 items registered an increase in the week that include bananas, onions, firewood and matchbox.

The weekly SPI percentage change by income groups showed that SPI decreased across all quantiles ranging between 0.30% and 0.46%.

The lowest income group saw a weekly decline of 0.30% while the highest income group recorded a fall of 0.44%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 17.93% and 20.89%.

Yearly SPI for the lowest income group increased by 20.89% while the highest income group recorded an increase of 20.10%.

The average price of sona urea stood at Rs1,941 per 50 kg bag which is 0.32% higher than last week’s price and 12.18% higher when compared to last year.

Going by the PBS report, the average cement price was recorded at Rs738 per 50 kg bag, depicting a decline of 0.07% WoW, while increasing by 25.11% YoY.

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