Weekly SPI decreases by 0.65%

January 10, 2025 (MLN): Pakistan's short-term inflation decreased by 0.65% compared to the previous week, while it rose by 1.9% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported on Friday.

During the week, out of 51 items, prices of 18 (35.29%) items increased, 10 (19.61%) items decreased and 23 (45.10%) items remained stable

Prices of key items rose, including Pulse Moong (2.56%), Cooking Oil 5 Litre (1.56%), Sugar (1.23%), Chicken (0.80%), Vegetable Ghee 1Kg (0.61%), Bread (0.57%), Vegetable Ghee 2.5Kg (0.49%), Washing Soap (0.43%), Garlic (0.39%) and Firewood (0.12%).

On the other hand, a major decrease is observed in the prices of Tomatoes (31.40%), Potatoes (10.36%), Eggs (5.96%), Pulse Gram (1.64%), Onions (0.87%), Rice Basmati Broken (0.54%), Rice IRRI-6/9 (0.40%), Pulse Mash (0.27%) and LPG (0.14%).

The year on year trend depicts an increase of 1.90%, Ladies Sandal (75.09%), Potatoes (58.76%), Pulse Gram (42.11%), Pulse Moong (34.15%), Powdered Milk (25.76%), Beef (23.75%), Garlic (18.43%), Gas Charges for Q1 (15.52%), Vegetable Ghee 1Kg (15.48%), Cooked Daal (15.10%), Shirting (14.36%) and Firewood (12.89%).

Conversely, significant decreases were seen in the prices of Onions (36.25%), Wheat Flour (36.17%), Eggs (24.07%), Chilies Powder (20.00%), Electricity Charges for Q1 (18.11%), Pulse Masoor (11.18%), Rice Basmati Broken (9.14%), Pulse Mash (7.00%), Diesel (6.39%), Bread (5.48%) and Petrol (5.45%).

The lowest income group experienced a weekly decrease of 1.03%, while the inflation for the highest income group down by 0.54%.

On a yearly basis, analysis of SPI change across different income segments showed that SPI remained across all quantiles ranging between 1.28% and 2.22%.

Yearly SPI for the Lowest Income Group increased by 1.44% while the highest income group recorded an increase of 2.22%.

The average price of Sona urea stood at Rs4536 per 50 kg bag, down by 0.07% from last week’s price, and 1.84% from last year.

Meanwhile, the average Cement price fell to Rs 1398 per 50 kg bag, which is 0.43% lower than the previous week, while 14.47% higher than prices last year.

PBS calculates short-term inflation using the SPI on a weekly basis to assess the price movement of essential commodities at shorter interval of time so as to review the price situation in the country.

SPI comprises 51 essential items collected from 50 markets in 17 cities of the country.

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