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SPI inflation increases 0.98pc

SPI inflation increases 0.98pc

ISLAMABAD: Sensitive price Indicator (SPI) based weekly inflation for the week ended on July 09, for the combined consumption group, witnessed an increase of 0.98 percent as compared to the previous week.

According to the latest data of Pakistan Bureau of Statistics (PBS), the SPI for the week under review in the above mentioned group was recorded at 133.62 points against 132.32 points registered in the previous week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of 11.02 percent.

The weekly SPI with base year 2015-16=100 is covering 17 urban centers and 51 essential items for all expenditure groups. The Sensitive Price Indicator for the lowest consumption group up to Rs17,732 witnessed 1.27 percent increase and went up from 138.24 points in last week to 139.99 points during the week under review.

Meanwhile, the SPI for the consumption groups from Rs. 17,732-22,888, Rs. 22,889-29,517; Rs. 29,518-44,175; Rs29,518 to Rs44,175 and above Rs 44,175 per month also increased by 1.25 percent, 1.11 percent; 1.06 and 0.86 percent respectively.

During the week, prices of 11 items decreased, 18 items increased while that of 22 items remained constant.

The items, which recorded decrease in their average prices included, Bananas, moong pulse, cooking oil, wheat flour, masoor pulse, LPG Cylinder, vegetable ghee (loose and tin), mash pulse, garlic and rice (Irri 6/9).

The commodities, which recorded increase in their average prices included tomatoes, onions, chilies, eggs, potatoes, sugar, long cloth, shirting, georgette, chicken, beef, milk (fresh), lawn, mutton, toilet soap, rice (Basmati broken), gur and gram pulse.

Similarly, the prices of the commodities that observed no change during the week under review included bread, curd, milk (powdered), mustard oil, salt, tea (packet), cooked beef, cooked daal, tea (prepared), cigarettes, gents sandal, gents chappal, ladies sadal, electricity charges, gas charges, firewood, energy saver, washing soap, match box, petrol, diesel and telephone local call.