Pakistan

Weekly inflation at new 7-month low | The Express Tribune

Published

5 مہینے ago

اپریل 27, 2024

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KARACHI:

The short-term inflation reading further decelerated by 1.10% in the week ended April 25, 2024 in the backdrop of a fall in prices of food items including tomato, onion and chicken, maintaining its downward streak for the second consecutive week.

According to the Pakistan Bureau of Statistics (PBS) and local research houses, the Sensitive Price Indicator (SPI) – a weekly inflation gauge – slowed down to a new seven-month low at 26.94% in the latest week compared to the corresponding week of last year.

However, the inflation rate still remained elevated as reflected in the double-digit level.

SPI is computed every week to assess price movements of essential commodities at a short interval and their impact on consumers. SPI comprises 51 essential items for which data is gathered from 50 markets in 17 cities of the country.

During the week under review, out of the 51 commodities covered by the SPI, prices of 15 (29.41%) items increased, 10 (19.61%) items decreased and 26 (50.98%) items remained unchanged compared to the previous week. The slowdown in inflation was primarily led by the decreasing prices of tomatoes, which became cheaper by 20.83% to Rs92.56 per kg in the week ended April 25 compared to Rs116.92/kg last week.

It was followed by onion prices, which fell by 14.43% to Rs169.90/kg compared to Rs198.54/kg in the previous week. Chicken prices dipped by 11.64% to Rs456.24/kg compared to Rs516.32/kg a week earlier.

Prices of other essential commodities decreased up to 5%, which included wheat flour, eggs, chilli powder, bananas, liquefied petroleum gas (LPG) and garlic.

However, prices of some other commodities increased up to 1.80% on a week-on-week basis including potato, milk powder, vegetable ghee, mash pulse, sugar, gur, cooked pulse, mutton and shirting.

The year-on-year SPI trend depicted an increase of 26.94% with gas charges for Q1 rising by 570% in the week under review compared to the same week of last year. It was followed by tomatoes becoming expensive by 122.34% and onions becoming costlier by 121.31%.

Prices of other commodities surged up to 76.53%, which were chilli powder, gents’ sandal, garlic, gents’ sponge chappal, salt powder, shirting, gur, mash pulse and beef.

Research house Optimus Capital Management anticipated that the benchmark monthly inflation, measured through the Consumer Price Index, would contract by 3.6 percentage points to 17% in April 2024.

“A noticeable drop in the food index (down 2.6% month-on-month) and electricity prices (lower by 9.5% MoM), combined with a favourable base effect, is expected to significantly slash the headline inflation by 3.6 percentage points…to 17% year-on-year,” it said.

Published in The Express Tribune, April 27^th, 2024.

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Related Topics:7month Express inflation Pakistan SPI Tribune Weekly

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

1 گھنٹہ ago

ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans	Monthly Payments
3 months	Rs56,300
6 months	Rs28,300
9 months	Rs21,890
12 months	Rs17,200
24 months	Rs10,170
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Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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2 گھنٹے ago

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

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Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

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