Weekly SPI inflation increases 1.23pc

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ISLAMABAD: The weekly inflation for the week ended on August 8 witnessed an increase of 1.23pc for the combined income group, as compared to the previous week.

The Sensitive Price Indicator (SPI) in the combined group was recorded at 270.31 points, as against 267.02 points registered in the previous week, according to the latest data released by Pakistan Bureau of Statistics (PBS).

The inflation for the lowest income group also increased from 245.50 points last week to 249.01 points, showing an increase of 1.43pc.

As compared to the corresponding week of last year, the SPI for the combined group in the week under review witnessed an increase of 17.76pc, while that of the lowest income group increased by 14.46pc.

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

The SPI for the income groups from Rs8001-12,000, Rs12,001-18,000, 18,001-35,000 and above Rs35,000 per month increased by 1.35pc, 1.33pc, 1.27pc and 1.1pc respectively.

During the week under review, average prices of three items registered a decrease, while that of 25 items increased with prices of 25 items remaining unchanged. The items that witnessed a decrease in their prices included bananas, red chilli and wheat.

The items that recorded an increase in their average prices included onions, chicken, tomatoes, potatoes, vegetable ghee, garlic, sugar, eggs, cooking oil (tin), cooked daal, vegetable ghee, bath soap, gram (pulse), gur, cooked beef, masoor (pulse), wheat flour, maash (pulse), mustard oil, rice (irri-6), moong (pulse), LPG cylinder, beef, curd and fresh milk.

Similarly, the items which recorded no change in their prices included rice (basmati broken), bread, mutton, milk (powdered), salt, tea (packet), tea (prepared), cigarettes, long cloth, shirting, lawn, georgette, gents sandal, gents chappal, ladies sandal, electricity charges, kerosene oil, firewood, electric bulb, washing soap, matchbox, petrol, diesel and local telephone call.

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