Weekly inflation increases 0.30 percent

ISLAMABAD: The Sensitive Price Indicator (SPI), for the week ended on August 18 for the lowest income group up to Rs3,000 has registered a nominal increase of 0.30 percent over the previous week.

The SPI for the week under review in the above mentioned group was recorded at 311.18 points as against 310.26 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 increase of 0.27 per cent as it went up from 304.70 points in the previous week to 303.87 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 16.40 percent.

As compared to the last week, the SPI for the income groups from Rs3001-5000, Rs5001-12000 and above Rs12,000, increased by 0.29 per cent, 0.29 percent and 0.24 percent respectively.

During the week under review average prices of 9 items registered decrease, while that of 19 items increase with the remaining 25 items' prices unchanged.

The items which recorded decrease in their average prices during the week under review included tomato, Egg Hen (Farm), Moong Pulse Washed, Garlic, Masoor Pulse Washed, Gram Pulse Wahsed, Cooked Beef Plate, Veg Ghee Loose, Mash Pulse Washed.

The items which registered increase in their prices included Bananas, rice (irri-6), lawn, beef, mutton, onions, potatoes, match box, sugar, Gur, Rice basmati Broken, chicken (farm) LPG (11 KG Cylinder), Mustard Oil, Shirting, Wheat AV.Qlt, Coarse Latha, firewood, red chilies.

The items with no change in their average prices during the week under review included Wheat flour, Bread Plain mid size, Milk fresh ,milk (powdered), curd, Veg. Ghee, cooking oil, salt powder, tea packet, tea cup (prepared), cooked dal (plate), cigarettes, voil printed, sandal (gents), sandal (ladies), chapel (spang), kerosene, electric bulb (60 wats), washing soap, bath soap, gas charges, electric charges, petrol, diesel and local telephone call.

Copyright APP (Associated Press of Pakistan), 2011