Islamabad:
Pakistan’s short-term inflation reading, measured by the Sensitive Price Index (SPI), declined for the second consecutive week, falling 0.65 percent in the week ending January 9, 2025.
However, the year-on-year trend in weekly inflation showed an increase of 1.90% compared to the same week last year.
According to the data released by the Pakistan Bureau of Statistics (PBS) on Friday, out of the basket of 51 commodities covered by the SPI, 18 commodities increased in price, 10 commodities fell and 23 commodities remained unchanged. There was no change.
The PBS report revealed that during the week under review, the per kg price of tomatoes fell by 31.40%, while potatoes fell by 10.36%, eggs by 5.96% and pulses by 1.64%. The prices of onion, rice and mash dal also decreased.
On the other hand, the price of mung dal increased by 2.56 percent, the price of five liters of cooking oil by 1.56 percent and the price of sugar by 1.23 percent. The change in inflation rate was 1.44 per cent for the monthly income group up to Rs 17,732, a decrease of 1.03 per cent, the data shows. For the income group of Rs 17,733 to Rs 22,888 per month, the inflation rate was 1.28 percent, which is 0.92 percent lower, and for households with income of Rs 22,889 to Rs 29,517 per month, the inflation rate was 1.28 percent. The rate was 2%, down 0.75%.
The inflation rate for the income group earning Rs 29,518 to Rs 44,175 per month was 1.97 percent, which recorded a decline of 0.70 percent, while the rate of inflation for the income group above Rs 44,176 per month stood at 2.22 percent. , mirroring a decline of 0.54%.