Weekly inflation rises 1.01pc

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ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on September 19 increased by 1.01pc as compared to the previous week.

The SPI for the week under review in the combined income group was recorded at 126.56 points, as against 125.29 points registered in the previous week, according to the data released by the Pakistan Bureau of Statistics (PBS) on Saturday.

The weekly SPI with base 2015-16=100 covered 17 urban centres and 51 essential items for all expenditure groups.

Meanwhile, the SPI for the lowest consumption group up to Rs17,732 witnessed an increase of 0.89pc, as it went up from 128.19 points in last week to 129.33 points during the week under review.

On a yearly basis, the SPI for the combined income group during the week under review witnessed an increase of 18.10pc, while for the lowest group, it increased by 15.16pc, when compared with the corresponding week of last year (Sept 2018).

The SPI for the income groups from Rs17,733-Rs22,888, Rs22,889-Rs29,517; Rs29,518-Rs44,175 and above Rs44,175 per month increased by 0.97pc, 0.99pc, 1.04pc and 1.02pc respectively.

During the week under review, average prices of five items registered a decrease, while that of 27 witnessed increased, whereas the prices of the remaining 19 items remained unchanged.

The prices of the commodities that observed a decrease in their respective prices during the week under review included tomatoes, bananas, sugar, rice (irri-6) and tea (prepared cup).

The items which witnessed an increase in their prices included chicken farm, LPG cylinder, potatoes, eggs hen (farm), garlic, onions, tea, toilet soap, wheat flour, long cloth, georgette, cooked beef, vegetable ghee (tin), gur, powder milk, pulse moong, cooking oil, vegetable ghee (pouch), pulse gram, pulse masoor, mustard oil, curd, mutton, pulse mash and firewood.

The average prices of the commodities remained unchanged during the week under review included rice basmati, bread, beef, salt powder, chillies, cigarettes, shirting, lawn, gents sandal, gents sponge chappal, ladies sandal, electric charges, gas charges, energy saver,washing soap, matchbox, petrol, hi-speed diesel and telephone call charges.

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