Inflation showed a decrease of 0.08 percent during the week ended on August 11 as compared to the preceding week, amid a reduction in food prices, as per the measurements done by the Sensitive Price Index (SPI).
The Pakistan Bureau of Statistics (PBS) issued its recent data which reveal that the year-on-year increase in SPI was 37.69 percent, slightly down from a record high of 38.63 percent in the last week.
According to the details, the prices of 26 items showed an increase and nine showed a decreasing trend while the rates of 16 items remain unchanged during the week under review.
The PBS data further unveils that the price of onions went down by 10.18 percent, bananas 2.71 percent, chicken 1.3 percent, mustard oil 0.36 percent, ghee 0.79 percent, cooking oil 0.17 percent, basmati rice 0.33 percent, and liquefied petroleum gas (LPG) 1.10 percent.
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In contrast, the price of tomatoes moved up by 10.35 percent, salt 3.73 percent, pulse mash 3.65 percent, eggs 3.67 percent, pulse moong 3.18 percent, pulse masoor 2.13 percent, garlic 2.03 percent, and firewood 1.36 percent.
The SPI declined by 0.12 percent for the lowest income group i.e., people who earn below Rs 17,732 per month while it decreased by 0.07 percent for the group having a monthly income of more than Rs 44,175.
Moreover, on a year-on-year basis, an increase in pulse masoor was recorded at 111.9 percent, onions 90.05 percent, ghee 70.54 percent, cooking oil 73.5 percent, and chicken 57.14 percent.
Similarly, the price of diesel also showed an increasing trend and moved up by 109.15 percent year-on-year, petrol 88.94 percent, washing soap 61.92 percent, and electricity charges for the lowest income group 52.61 percent.
Inflation, last month, decreased by 0.22 percent in the week ended on July 21 against the previous week due to a slight decline in prices of essential food items.
The PBS data revealed that the week-on-week decrease was seen as a result of a slight decrease in the prices of vegetables.
However, during the same week, the year-on-year increase in SPI was 32.82 percent.