SPI based inflation continues to rise
The SPI for the week under review in the above mentioned group was recorded at 167.36 points
ISLAMABAD (Dunya News) – The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on December 2, for the combined consumption group, witnessed decrease of 0.48 percent as compared to the previous week, Pakistan Bureau of Statistics (PBS) reported Friday.
The SPI for the week under review in the above mentioned group was recorded at 167.36 points against 168.16 points registered in the previous week, according to the PBS data.
The food commodities that contributed in decline in weekly inflation included tomatoes, the prices of which decreased by 16.57 percent on Week-on-Week (WoW) basis.
Other food commodities that witnessed decline in prices included onions (7.74%), chicken (7.68%), LPG (2.43%), sugar (1.51%), eggs (1.43%), chilies powdered (0.88%), potatoes (0.67%), wheat flour (0.58%), gur (0.45%) and garlic (0.29%).
On Year-on-Year basis, the commodities that witnessed decrease in prices included onions (37.63%), pulse Moong (26.88%), potatoes (20.08%), tomatoes (17.45%) and chicken (2.05%).
Meanwhile, the commodities that witnessed increase on WoW basis, included bananas (3.82%), pulse Masoor (2.60%), pulse Mash (2.26%), pulse Moong (2.10%), cooking oil 5 litre (1.95%), washing soap (1.80%) and vegetable ghee 1 kg (1.44%).
The items that witnessed increase in prices on YoY basis included, electricity for Q1 (75.32%), LPG (70.10%), cooking oil 5 litre (60.53%), vegetable ghee 1 Kg (58.45%), mustard oil (56.73%), vegetable ghee 2.5 Kg (56.53%), petrol (44.35%), washing soap (43.51%), diesel (34.93%), gents sandal (33.37%) and chilies powdered (33.00%)
Meanwhile, 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 18.35 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 0.47 percent decrease and went down to 176.77 this week from 177.60 points in last week.
Meanwhile, the SPI for the consumption groups from Rs17,732-22,888; Rs22,889-29,517; Rs29,518-44,175 and above Rs 44,175 also decreased by 0.50 percent, 0.47 percent, 0.48 percent and 0.47 percent respectively.
During the week, out of 51 items, prices of 21 (41.18%) items increased 11 (21.57%) items decreased and 19 (37.25%) items remained stable.
It is pertinent to mention here that the weekly SPI with base year 2015-16=100 is covering 17 urban centers and 51 essential items for all expenditure groups.
