Weekly inflation goes up 1.38pc

Weekly inflation goes up 1.38pc

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on August 7 for the lowest income group up to Rs.8,000 registered increase of 1.38 per cent as compared to the previous week.

The SPI for the week under review in the above mentioned group was recorded at 198.48 points against 195.78 points registered in the previous week, according to the data of Pakistan Bureau of Statistics (PBS).

The weekly SPI has been computed with base 2007-2008=100, covering 17 urban centers and 53 essential items for all income groups and combined.

The SPI for the combined group increased by 1.29 per cent as it went up from 200.82 points in the previous week to 203.42 points in the week under review.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed increase of 9.35 percent.

As compared to the last week, the SPI for the income groups from Rs.8001-12,000, 12,001-18,000, 18001-35,000 and above Rs.35,000 increased by 1.34 per cent, 1.36 per cent, 1.34 per cent and 1.22 percent respectively.

During the week under review average prices of 5 items registered decrease, while that of 15 items increase with the remaining 33 items’ prices unchanged.

The items which registered decrease in their prices during the week under review included red chillies powder (loose), masoor pulse washed, moong pulse washed, vegetable ghee and LPG gas.

The items which recorded increase in their average prices included tomatoes, onions, chicken live (farm), potatoes, bananas, garlic, egg hen (farm), gur, wheat, wheat flour (bag), kerosene oil, rice IRRI-6, mutton, sugar and gram pulse (washed).

The items with no change in their average prices during the week under review included rice basmati (broken), bread plain, beef, milk fresh, curd, milk powdered, mustard oil, cooking oil, vegetable ghee, mash pulse washed, salt powdered (loose), tea, cooked beef (plate), cooked dal (plate), tea prepared, cigarettes, long cloth, shirting, lawn, georgette, sandal gents, chappal (gents), electric charges, gas charges, firewood, energy savor, washing soap, match box, petrol, diesel, telephone local call and bath soap.