Connect with us

Hi, what are you looking for?

Online Business Success

Pakistan’s weekly inflation records slight increase

392203 015849 updates


— AFP/File
— AFP/File
  • During the current week, chicken prices increased by 4.45%.
  • Price of tomatoes drops by 18.28%.
  • On a yearly basis, SPI inflation records an increase of 20.08%.

ISLAMABAD: The inflation measured through the Sensitive Price Index (SPI) edged up recording a slight increase of 0.08% for the combined group for the week that ended on January 6, driven by an uptick in prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) showed on Friday.

Meanwhile, on a year-on-year basis, the SPI inflation recorded an increase of 20.08%. Topline Securities in its research said annual SPI was at a decade high.

The combined income group index went up from 167.98 points during the week that ended on December 30 to 168.12 points in the week under review.

According to the provisional figures released by the Pakistan Bureau of Statistics (PBS), the average prices of 25 essential items, including potatoes, chicken, powdered salt, and pulses etc., rose during the outgoing week.

Prices of seven items, including tomatoes, 200-gram chillies powder, eggs, mustard oil and a bag of wheat flour have declined. Meanwhile, the rates of 19 essential goods remained unchanged.

The bureau, in its weekly report, said that among food items, the potatoes increased by 5.23%. Meanwhile, the prices of chicken increased by 4.45%.

Among non-food items, the price of petrol super and hi-speed diesel rose within a range of 2.5-3%, respectively.

Pakistans weekly inflation records slight increase

During the week under review, the price of tomatoes dropped 18.28%, while the 200-gram chillies power packet decreased by over 14.54%. Other items that recorded a decline included eggs and wheat flour.

Pakistans weekly inflation records slight increase

Meanwhile, the price of plain bread, powdered milk, vegetable ghee, tea, etc. remained unchanged.

The SPI for the lowest income group decreased by 0.28% compared to the previous week. The index for the group stood at 175.91 points against 176.40 points in the previous week.

Advertisement. Scroll to continue reading.



Source link

Click to comment

Leave a Reply

Latest

Top Stories

To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has...

Top Stories

As the market continues to mourn over losses on the Terra (LUNA) UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism...

Technology

What you need to know Pokémon HOME is a trading and storage service offered on Nintendo Switch and phones. Laste week we learned that...

Top Stories

Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen...

Top Stories

Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending...

Technology

Apple is expanding one of its child safety features to four more countries with its latest software update. Earlier today, the company released iOS...

Advertisement

You May Also Like

Uncategorized

Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...

Advertisement