ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), has witnessed a slight decrease in Pakistan, the country’s statistics bureau said this week, after increasing for three weeks in a row.
The SPI, which comprises 51 essential items collected from 50 markets in 17 cities, is computed on a weekly basis to assess the price movement of essential commodities at a shorter interval of time to review the price situation in the country.
The SPI for the week ending on Jan. 2 decreased 0.26 percent on a week-on-week basis, according to the Pakistan Bureau of Statistics (PBS). Weekly inflation last decreased by 0.34 percent in Pakistan in the week ending on Dec. 5.
“During the week, out of 51 items, prices of 18 (35.29 percent) items increased, 10 (19.61 percent) items decreased and 23 (45.10 percent) items remained stable,” the PBS said in its report.
Major decrease was observed in the prices of tomatoes (13.48 percent), electricity charges for Q1 (7.48 percent), potatoes (5.59 percent), eggs (0.23 percent), garlic (0.21 percent), liquefied petroleum gas (0.18 percent) and wheat flour (0.09 percent).
The items whose prices increased during the week included chicken (10.28 percent), onions (4.93 percent), bananas (1.68 percent), diesel (1.18 percent), sugar (0.95 percent), jaggery (0.58 percent), vegetable ghee 2.5 Kg (0.53 percent) and petrol (0.21 percent).
Pakistan’s annual consumer inflation eased further to 4.1 percent in Dec. 2024, according to the PBS. Consumer inflation cooled from 4.9 percent in November, a sharp drop from a multi-decade high of nearly 40 percent in May 2023.
Pakistan weekly inflation records slight decrease after rising for three consecutive weeks
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Pakistan weekly inflation records slight decrease after rising for three consecutive weeks
- Major decrease observed in prices of tomatoes, electricity, potatoes, eggs, liquefied petroleum gas and wheat flour
- Pakistan’s annual consumer inflation eased further to 4.1 percent in Dec. 2024, according to the country’s statistics bureau
Suicide bomber kills at least five at wedding in northwest Pakistan
- Attack took place in Dera Ismail Khan, targeting the home of a local peace committee member
- Peace committees are community-based groups that report militant activity to security forces
PESHAWAR: A suicide bomber killed at least five people and wounded 10 others after detonating explosives at a wedding ceremony in northwestern Pakistan on Friday, officials said, in an attack that underscored persistent militant violence in the country’s restive Khyber Pakhtunkhwa province.
The blast took place at the home of a local peace committee member in Dera Ismail Khan district, where guests had gathered for a wedding, police and emergency officials said.
Peace committees in the region are informal, community-based groups that work with security forces to report militant activity and maintain order, making their members frequent targets of attacks.
“A blast occurred near Qureshi Moor in Dera Ismail Khan. Authorities have recovered five bodies and shifted 10 injured to hospital,” said Bilal Faizi, a spokesman for the provincial Rescue 1122 emergency service, adding that the rescue operation was ongoing.
Police said the attacker blew himself up inside the house during the ceremony and that the bomber’s head had been recovered, confirming it was a suicide attack.
Several members of the local peace committee were present at the time, raising fears the toll could rise.
District Police Officer Sajjad Ahmed Sahibzada said authorities had launched an investigation into the incident, while security forces sealed off the area.
Militant attacks have surged in parts of Khyber Pakhtunkhwa after the Taliban returned to power in neighboring
Afghanistan in 2021, with the administration in Islamabad blaming the Afghan government for “facilitating” cross-border attacks targeting Pakistani civilians and security forces. However, Kabul has repeatedly denied the allegation.
Khyber Pakhtunkhwa has also seen frequent intelligence-based operations by security forces targeting suspected militants.
No group has immediately claimed responsibility for Friday’s attack.
