Weekly inflation falls 0.35%, remains up 11.32% year-on-year

Pakistan’s SPI eased 0.35% in the seven days to October 29, reversing the prior week’s 0.65% rise, Profit by Pakistan Today reported, citing Pakistan Bureau of Statistics figures. The index stood at 373.51, compared with 374.84 on October 22, while its year-on-year reading remained 11.32% higher.

Cheaper electricity for the lowest-use bracket, chicken and eggs helped pull down the weekly measure; tomatoes moved sharply the other way, climbing 34.91% to Rs125.70 per kilogramme. Across the 51 goods tracked, 15 became more expensive, 12 fell and 24 were unchanged. On a yearly comparison, LPG rose 106.86%, while electricity charges for the lowest-use group were up 52.38%; diesel and petrol increased 45.13% and 43.61%, respectively. The weekly index declined in each of five household spending categories, but annual inflation ranged from 8.07% for the lowest group to 12.13% for the highest.