Weekly inflation slides by 1.37%

MG News | March 18, 2022 at 05:00 PM GMT+05:00
March 18, 2022 (MLN): Following the last four consecutive weekly jumps, the Sensitive Price Indicator (SPI) for the combined consumption group witnessed a decline of 1.37% for the week ended on March 17, 2022, Pakistan Bureau of Statistics (PBS) reported Friday.
As per the PBS inflation report, this fall was mainly on account of a decrease in the price of essential food items, electricity charges and LPG.
The combined index clocked in at 169.06 compared to 171.41 on March 10, 2022.
However, the year-on-year trend observed a surge of 15.12% when the index was recorded at 146.86 a year ago, on March 18, 2021.
Out of the 51 monitored items, the average price of 09 items registered a decrease in the week that include tomatoes (12.04%), chicken (8.39%), garlic (2.04%), sugar (0.49%), potatoes (0.41%), pulse gram (0.31%) and pulse mash (0.14%), electricity charges for q1 (9.81%) and LPG (1.58%).
Meanwhile, 29 commodities witnessed an increase in prices on a WoW basis, including vegetable ghee 1 kg (6.25%), vegetable ghee 2.5 kg (4.56%), cooking oil 5 litre (3.62%), lawn (3.14%), shirting (2.57%), onions (2.06%), georgette (2.00%), cooked beef (1.98%), long cloth (1.82%), bananas (1.76%), match box (1.60%), eggs (1.39%), mustard oil (1.27%) and mutton (1.03%) and 13 items remained stable.
The weekly SPI percentage change by income groups showed that SPI dropped across all quantiles, ranging between -0.92% and -1.61%.
The lowest income group saw a weekly fall of 0.99% while the highest income group recorded a decline of 1.23%.
On a yearly basis, analysis of SPI change across different income segments showed that SPI increased across all quantiles ranging between 12.41% and 16.18%.
Yearly SPI for the lowest income group increased by 12.41% while the highest income group recorded an increase of 16.18%.
The average price of sona urea stood at Rs1,934 per 50 kg bag which is around 0.26% higher than last week’s price and 10.59% higher when compared to last year.
Going by the PBS report, the average cement price was recorded at Rs862 per 50 kg bag, depicting a surge of 9.49% WoW, while increasing by 41.34% YoY.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 138,788.46 119.75M | 0.09% 122.97 |
ALLSHR | 85,570.11 301.22M | -0.15% -129.39 |
KSE30 | 42,358.39 44.75M | 0.01% 5.26 |
KMI30 | 193,876.62 40.82M | -0.67% -1305.42 |
KMIALLSHR | 56,217.88 143.52M | -0.30% -171.27 |
BKTi | 38,243.13 10.00M | -0.47% -179.85 |
OGTi | 27,554.34 3.52M | -0.59% -163.92 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 120,025.00 | 121,165.00 119,315.00 | 735.00 0.62% |
BRENT CRUDE | 69.78 | 70.30 69.41 | 0.26 0.37% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 0.95 0.99% |
ROTTERDAM COAL MONTHLY | 105.00 | 0.00 0.00 | 0.20 0.19% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 66.50 | 66.98 66.12 | 0.12 0.18% |
SUGAR #11 WORLD | 16.75 | 16.88 16.54 | 0.19 1.15% |
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 |
---|