The weekly Sensitive Price Indicator (SPI) inflation surged by 8.39 percent during the week ended June 5, 2014, reflecting increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the SPI for the week under review was recorded at 211.04 points against 194.71 over the same period of last year.
However, SPI inflation increased by 0.04 percent this week as compared to the previous week, increasing from 210.96 points to 211.04 points. The weekly SPI has been computed with base 2007-2008=100, covering 17 urban centers and 53 essential items for all income groups. The SPI for the lowest income group up to Rs 8, 000 registered an increase of 6.70 percent during the week under review as compared to the same period of last year.
During the week, average prices of 19 items registered increase, while that of 12 registered a decrease. The prices of 22 essential items remained unchanged during the week under review. The 19 items which recorded increase in their average prices included milk powdered (Nido), potatoes, long cloth ,shirting, lawn, egg, red chillies powder loose, milk fresh, mash pulse washed ,curd, gur, sugar, L.P.G( 11 kg cylinder).