Business & Finance

Weekly Inflation up by 0.31 pc     

Published May 11, 2018 Updated May 11, 2018 12:42pm

The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 224.47 points against 223.77 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).

Similarly, as compared to the corresponding week of last year, the SPI for the combined group in the week under review increased by 3.01 percent.

The weekly SPI has been computed with base 2007-08=100, covering 17 urban centers and 53 essential items for all income groups and combined.

Meanwhile, the SPI for the lowest income group up to Rs 8000 was also increased by 0.17 percent as it went up from 210.39 points in the previous week to 210.74 points in the week under review.

As compared to the last week, the SPI for the income groups from Rs 8001-12,000, Rs 12,001-18,000, 18,001-35,000 and above Rs35000 also increased by 0.24 percent, 0.28 percent, 0.33 percent and 0.36 percent respectively.

During the week under review average prices of 09 items registered decrease, while that of 15 items increased with the remaining 29 items’ prices unchanged.

The items which registered decrease in their prices during the week under review included tomatoes, onions, garlic, wheat, wheat flour, eggs, moong pulse, gram pulse and sugar     The items which recorded increase in their average prices included chicken, bananas, potatoes, LPG Cylinder, vegetable ghee (loose), tea (packet), beef, rice (irri-6), vegetable ghee (tin), cooking oil (tin), mash pulse, red chilly, gur, rice basmati and mutton.

The items with no change in their average prices during the week under review included bread, milk (fresh), curd, milk (powdered), mustard oil, masoor pulse, salt, cooked beef, tea (prepared), cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, firewood, electric bulb, washing soap, match box, petrol, diesel, telephone local call and bath soap.

Copyright APP (Associated Press of Pakistan), 2018