Weekly inflation dips 0.18pc

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the combined consumption group fell by 0.18 per cent for the week ended on January 16, as compared to the previous week of the said month.

The SPI for the week under review in the above-mentioned group was recorded at 132.08 points against 132.32 points registered in the corresponding week, latest data released by the Pakistan Bureau of Statistics (PBS) revealed.

The weekly SPI was 100 collected with base 2015-16 covering 17 urban centers and 51 essential items for all expenditure groups.

The SPI for the lowest consumption group, up to Rs17,732, also witnessed a 0.43pc reduction, from 135.82 points last week to 135.23 points during the week under review.

As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an surge of 20.02pc, while for the lowest group, it increased by 18.76pc.

Meanwhile, the SPI for the consumption groups from Rs17,733 to 22,888, from Rs22,889 to Rs29,517, Rs29,518 to Rs44,175 and above Rs44,175 per month plunged by 0.34pc, 0.23pc, 0.17pc and 0.13pc, respectively.

During the week under review, average prices of seven items posted a decrease, while that of 27 items increased whereas there was no change in the prices of remaining 17 items.

The prices of the commodities that recorded a decrease in their prices during the week under review included tomatoes, LPG cylinder (11.67kg), onions, eggs (farm), potatoes, rice basmati, and sugar.

The items which recorded an increase in their average prices included chicken (farm), bananas, wheat flour, washing soap, garlic, gur, pulses (masoor, moong, mash, gram) cooked beef, powder milk, long cloth, shirting, cigarettes, tea cup, beef, georgette, mutton, vegetable ghee, rice irr-6, toilet soap, cooking oil, mustard oil, firewood and vegetable ghee (2.5kg).

The commodities with no change in their prices during the week under review were bread, milk fresh, curd, salt powder, chilly powder, tea, gents sandals, gents sponge, ladies sandal, electricity charges, gas charges, energy savers, marchbox, telephone calls, petrol (super), and hi-speed diesel.

Must Read

Cabinet likely to give nod to 80km section of Iran-Pakistan Pipeline...

The IP Gas Pipeline has faced decades worth of delays because of persisting geo-political realities and concerns