Weekly inflation rises 0.28 per cent

ISLAMABAD: The weekly inflation for the week ended on October 05 for the combined income groups increased by 0.28 per cent as compared to the previous week.

According to the data released by Pakistan Bureau of Statistics (PBS) on Friday, the Sensitive Price Indicator (SPI) for the week under review in the above-mentioned group was recorded at 225.83 points against 225.21 points last week.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed an increase of 2.84 per cent.

The weekly SPI has been computed with base 2007, 2008=100, covering 17 urban centres and 53 essential items for all income groups.

Meanwhile, the SPI for the lowest income group up to Rs 8,000 increased by 0.18 per cent as it went up from 216.39 points in the previous week to 216.77 points in the week under review.

As compared to the last week, the SPI for the income groups from Rs 8001 to 12,000, Rs 12,001 to 18,000, Rs 18,001 to 35,000, and Rs 35,000 and above, also increased by 0.20 per cent, 0.22 per cent, 0.27 per cent and 0.34 per cent respectively.

During the week under review, average prices of 11 items registered decrease, while 16 items increased with the remaining 26 items’ prices unchanged.

The items, which registered a decrease in their prices during the week under review included tomatoes, garlic, bananas, sugar, mash pulse, gram pulse, gur, moong pulse, vegetable ghee, milk (powdered) and potatoes.

The items, which registered an increase in their prices during the week under review included chicken (farm), kerosene oil, eggs, onions, petrol, LPG cylinder, diesel, milk (fresh), curd, firewood, wheat flour, masoor pulse, wheat, beef, red chilli and mutton.

The items with no change in their average prices during the week under review included rice (basmati broken), rice (irri-6), bread, mustard oil, cooking oil, vegetable ghee (tin), salt, tea (packet), cooked beef, tea (prepared), cigarettes, long cloth, shirting, law, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, electric bulb, washing soap, match box, telephone local call and bath soap.

Must Read

Walt Disney forms business unit to coordinate use of AI, augmented...

Walt Disney is forming a new group to coordinate the company's use of emerging technologies such as artificial intelligence and mixed reality, as the media...