HomeBusinessShort-term inflation falls for...

Short-term inflation falls for 2nd straight week

Listen to article


ISLAMABAD:

Pakistan’s short-term inflation reading, measured through the Sensitive Price Indicator (SPI), decreased for the second consecutive week, falling 0.65% for the week ended January 9, 2025.

However, the year-on-year trend in the weekly inflation depicted an increase of 1.90% compared to the corresponding week of last year.

According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, out of a basket of 51 commodities covered by the SPI, prices of 18 items increased, 10 items became cheaper and 23 items saw no change in prices.

PBS report revealed that during the week under review, the price of tomatoes per kilogramme decreased 31.40% while potatoes got cheaper by 10.36%, eggs by 5.96% and lentils by 1.64%. Prices of onions, rice and mash pulse also decreased.

On the other hand, the price of moong pulse increased 2.56%, five-litre cooking oil rose 1.56% and sugar became expensive by 1.23%. Statistics indicate that the change in inflation rate for the group with monthly income up to Rs17,732 was 1.44%, registering a decrease of 1.03%. For the group with income in the range of Rs17,733 to Rs22,888 per month, the inflation rate was 1.28%, down 0.92%, and for households with income ranging from Rs22,889 to Rs29,517 per month, the inflation rate was 2%, lower by 0.75%.

For the income group earning Rs29,518 to Rs44,175 per month, the inflation rate was 1.97%, recording a fall of 0.70%, while for the group with income higher than Rs44,176 per month, the inflation rate stood at 2.22%, mirroring a dip of 0.54%.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

Jack Quaid on how he transformed a rare condition into a superpower in new film, “Novocaine”

Actor Jack Quaid stars as a man who can't feel pain in "Novocaine," a new action film that opens in theaters Friday.Quaid, known for his role as Hughie in the hit series "The Boys," plays Nathan Cain, a character with a real but...

Centre sets tough conditions for India entry by Starlink

NEW DELHI: The Centre has asked Elon Musk’s satellite venture Starlink to set up a control centre in India to enable suspension or shutdown of communications services in sensitive and troubled areas, whenever required, to maintain law and order.Also, the security establishment has specified mandates...

Joann’s customers furious over sudden gift card cutoff date ahead of store closures

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines...

‘We Hear You, Mr. President’: The World Lines Up to Buy American Gas

President Trump’s cabinet has been busy rolling back regulations that will make it far easier to extract and produce fossil fuels. But who will buy them?Nearly everyone, it turns out, particularly under the threat of tariffs.At an annual energy-industry conference in Houston, executives spoke openly about how...

Khloe Kardashian slams ‘insulting’ half-sister label for Kendall, Kylie Jenner

Khloe Kardashian opened up about "insulting" half-sister label for Kendall Jenner and Kylie Jenner.In the recent episode of the...

Donald Trump raises ‘massive’ trade imbalance during Irish PM meeting

Raymona Crozier, Jessica Lawrence & Finn PurdyBBC News NIPA MediaHe added that Martin should "remind President Trump that Ireland, despite its small size, is one of the largest investors in the United States and one of the largest job creators in the United States"."On the one hand,...

Sakshi weds Ankit: First picture of Rishabh Pant’s sister’s wedding proves the royal wedding was one stylish affair |

Sakshi Pant, the stylish sister of Indian cricket sensation Rishabh Pant, tied the knot with London-based businessman Ankit Chaudhary in a breathtaking ceremony set against the picturesque hills of Mussoorie. Hosted at the opulent ITC Hotel, The Savoy, the wedding was a grand affair, attended...

EPA Cancels $20 Billion in Climate Grants

The Environmental Protection Agency said that it was canceling $20 billion in grants for climate and clean energy programs that have been frozen for weeks, a move that was labeled illegal by nonprofit groups that were supposed to receive the funds.The money has been caught in an...