Weekly inflation witnesses nominal increase of 0.05pc

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on October 26 for the combined income groups witnessed a nominal increase of 0.05 per cent as compared to the previous week.

The SPI for the week under review in the above-mentioned group was recorded at 225.34 points against 225.23 points last week, according to the latest data released by Pakistan Bureau of Statistics (PBS) on Friday.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed an increase of 2.15 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 0.09 per cent as it went up from 216.27 points in the previous week to 216.47 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 above Rs 35,000, also increased by 0.07 per cent, 0.05 per cent, 0.04 per cent and 0.04 per cent respectively.

During the week under review, average prices of 13 items registered decrease, while 10 items increased with the remaining 30 items’ prices unchanged.

The items, which registered a decrease in their prices included tomatoes, chicken (farm), garlic, LPG cylinder, sugar, potatoes, gram pulse, mash pulse, bananas, moong pulse, masoor pulse and vegetable ghee (loose).

The items, which registered an increase in their prices included eggs, onions, cooked beef, rice (basmati broken), firewood, vegetable ghee, cooking oil, wheat and mustard oil.

The items with no change in their average prices included rice (irri-6), bread, beef, mutton, milk (fresh), curd, milk (powdered), salt, red chili, tea (packet), cooked daal, tea (prepared), cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, gas charges, kerosene oil, electric bulb, washing soap, match box, petrol, hi-speed diesel, telephone local call charges, bath soap.

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