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Top News

Weekly inflation increases by 0.06 percent

Published Updated

commoditiesssISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on May 5 for the lowest income group up to Rs.3,000 has registered a nominal increase of 0.06 per cent over the previous week.

The SPI for the week under review in the above mentioned group was recorded at 299.98 points as against 299.81 points registered in the previous week.

According to the provisional figures released by the Federal Bureau of Statistics (FBS), the weekly SPI has been computed with base 2000 2001=100 covering 17 urban centers and 53 essential items for all income groups and combined.

The SPI for the combined group registered an increase of 0.39 per cent as it went up from 286.97 points in the previous week to 288.08 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 16.13 percent.

As compared to the last week, the SPI for the income groups from Rs.3001-5000, Rs.5001-12000 and above Rs.12,000, increased by 0.04 per cent, 0.12 percent and 0.71 percent respectively.

During the week under review average prices of 18 items registered decrease, while that of 18 items increase with the remaining 22 items' prices unchanged.

The items which recorded decrease in their average prices during the week under review included tomato, garlic, egg (farm) sugar, wheat (average quality), onions, wheat flour (average quality), gram pluses (washed), masoor, (washed), mash (washed), red chilies, moong and vegetable ghee (loose).

The items which registered increase in their prices included kerosene, potatoes, LPG cylinder (11 kg), petrol, diesel, curd, chicken (farm), milk fresh, bread plain (mid size), washing soap, electric bulb, (60WT), cooked beef (plate), bananas, mutton, mustard oil, rice basmati, beef and fire wood.

The items with no change in their average prices during the week under review included rice (irri-6), gur, milk powder (Nido) vegetable ghee (tin), cooking oil, (tin), salt powder, tea (packet), tea prepared, cooked dall (plate), cigarettes (K-2), coarse latha, lawn, viol printed, shirting, sandal gents, sandal ladies, chapel spng, match box, bath soap, gas charges, electric charges and local call charges

Copyright APP (Associated Press of Pakistan), 2011

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