Weekly SPI inflation up by 0.28pc in Pakistan
Business
Out of 51 items, prices of 19 items increased, 09 items decreased
ISLAMABAD (APP) - The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed an increase of 0.28 percent for the combined consumption groups during the week ended on October 17, the Pakistan Bureau of Statistics (PBS) reported on Friday.
The SPI for the week under review in the above-mentioned group was recorded at 319.79 points as compared to 318.91 points during the past 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 15.02pc.
The weekly SPI with the base year 2015-16 =100 covers 17 urban centres and 51 essential items for all expenditure groups.
Likewise, SPI for the lowest consumption group of up to Rs17,732 witnessed increase of0.27pc and went up to 313.74 points from last week’s 312.91 points.
The SPI for consumption groups of Rs17,732 to 22,888; Rs22,889-29,517; Rs29,518-44,175 and above Rs44,175, decreased by 0.28pc, 0.27pc, 0.28pc and 0.28pc, respectively.
During the week, out of 51 items, prices of 19 (37.25%) items increased, 09 (17.65%) items decreased and 23 (45.10%) items remained stable.
The items, which recorded major decrease in their average prices on a week-on-week basis included onions (7.02%), bananas (2.83%), gur (1.82%), potatoes (1.15%), pulse mash (0.72%), rice irri-6/9 (0.40%), sugar (0.27%) and rice basmati broken (0.09%).
The commodities which recorded major increase in their average prices on week-on-week basis included tomatoes (26.24%), pulse moong (9.86%), pulse gram (3.15%), wheat flour (2.10%), diesel (2.01%), LPG (1.50%), garlic (1.31%), chicken (0.96%), eggs (0.68%), mustard oil (0.65%) and firewood (0.35%).
On-year basis, the commodities that witnessed a decrease included wheat flour (32.20%), electricity charges for q1 (20.32%), chilies powder (20.00%), diesel (17.05%), petrol (12.77%), cooking oil 5 liter (9.10%), rice basmati broken (8.18%), sugar (7.31%), eggs (6.24%), bread (5.03%), vegetable ghee 2.5 kg (4.93%) and washing soap (1.61%).
The commodities which recorded an increase in their average prices on year-on-year basis included gas charges for q1 (570.00%), pulse gram (80.85%), onions (51.32%), tomatoes (36.81%), chicken (34.53%), pulse moong (33.23%), powdered milk (25.37%), beef (23.62%), shirting (17.05%), cooked daal (14.41%), georgette (13.22%) and ladies sandal (12.52%).
