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Weekly inflation witnesses nominal increase

pak-inflationISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on November 15, for the lowest income group up to Rs 8,000, registered nominal increase of 0.10 per cent as compared to the previous week.


The SPI for the week under review in the above mentioned group was recorded at 181.96 points against 181.77 points registered in the previous week, according to provisional figures 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 0.06 per cent as it went up from 187.29 points in the previous week to 187.40 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 5.66 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 0.08 percent, 0.07 percent, 0.05 and 0.04 percent respectively.


During the week under review average prices of 7 items registered decrease, while that of 30 items increase with the remaining 16 items' prices unchanged.


The items which registered decrease in their prices during the week under review included tomatoes, onions, bananas, chicken live (farm), red chillies (powder), gram pulse (washed) and vegetable ghee (loose).


The items which recorded increase in their average prices included potatoes, cooked beef, tea (packet), cooked dal, long cloth, firewood, rice (irri-6/9), georgette (voil printed), masoor pulse (washed), wheat, shirting, lawn, cigarettes, wheat flour (bag), tea (prepared), moong pulse (washed), sugar, bread (plain), LPG (11 kg cylender), salt powdered (loose), curd, beef, milk (fresh), mash pulse (washed), rice basmati (broken), egg hen (farm), kerosene, mustard oil, mutton and gur.


The items with no change in their average prices during the week under review included milk (powdered), cooking oil (tin), vegetable ghee (tin), garlic, sandal (gents), chappal (gents), sandal (ladies), electric charges, gas charges (upto 100m3), energy savor, washing soap, match box, petrol, diesel, telephone local call and bath soap.


Copyright APP (Associated Press of Pakistan), 2012


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Foreign Debt $62.649bn
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