Weekly SPI declines by 0.29%

Pakistan Bureau of Statistics today released the Sensitivity Price Index numbers for the outgoing week. Despite a sharp rise in the energy prices around the world and therefore in Pakistan, the SPI continues to fall at a steady pace during the month of January. The fall in SPI can be attributed to decline in food prices which have offset rise in petrol prices.

Central Bank has set a target of 6% inflation for the current fiscal year, the declining SPI Numbers continue to slow the pace for Inflation during the upcoming months easing pressures from the State Bank.

According to figures released by the Pakistan Bureau of Statistics, weekly SPI for the combined group decreased by 0.29% compared to the previous week (Jan 18, 2018), meanwhile registering an increase of 1.81% compared to the corresponding period (Jan 26, 2017) last year.

eggs, onions, LPG, sugar, potatoes, bath soap, gur, chicken, wheat, moong pulse, chilly, wheat flour, bananas, garlic and gram pulse.

The items, which registered increase in prices included cooked beef, milk (powdered), rice (basmati broken), mutton, mash pulse, beef, vegetable ghee (loose) and cooking oil.

The items with no change in their average prices during the week under review included rice (irri-6), bread, milk (fresh), curd, mustard oil, vegetable ghee, masoor pulse, salt, tea (packet), cooked daal, cigarettes, long cloth, shirting, lawn, georgette, gents sandal, ladies sandal, electricity charges, gas charges, kerosene oil, firewood, electric bulb, washing soap, match box, petrol, diesel and telephone local call.